The 59-year-old Stallone also intends to. He will write and direct "Rocky Balboa," the sixth film in that franchise, with shooting set to begin next year.
Nedivi said the $50 million "Rambo IV" will recapture the rawness of "First Blood," which launched the franchise in 1982.
Production is set to begin after "Rocky Balboa" wraps.
Michelle Bega, a spokeswoman for Stallone, said the actor wasn't available for comment Friday.
A new "Rambo" script hasn't yet been written, but the story calls for the reclusive Vietnam veteran to return to his vigilante ways when a young girl is kidnapped.
The first three films grossed a combined $614 million worldwide.