Sylvester Stallone Confirmed Back to Produce and Direct Creed 2

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The first movie, made on a budget of Dollars 40 million, went on to earn USD 173.6 million globally, with Stallone getting nominated for Best Supporting Actor at last year's Academy Awards.

Now it looks like they found their director.

Over the past few years, the Rocky franchise has taken a little turn - and 2015 gave us the first new and improved installment in the film series, in the form of Creed.

Of course, once you hit "submit" on these articles more stuff gets announced.

His caption indicates he'll be at the helm of the production this time around.

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"Looking forward to directing and producing the incredibly talented Michael B. Jordan in Creed 2 next year", he captioned the photo of him and his Creed co-star at the film's premiere.

Sylvester Stallone has confirmed that he will be sitting behind the lens for "Creed 2". Stallone reprised his role as Rocky Balboa, for which he received an Academy Award nomination and won both a Critics' Choice Award and a Golden Globe Award.

Sylvester Stallone has signed on to produce and direct a follow-up to writer/director Ryan Coogler's Creed movie. The movie earned critical acclaim as well as more than $170 million at the box office.

He has since teased the return of Ivan Drago, Rocky's Russian competitor in Rocky IV. However, Michael B. Jordan's involvement in Marvel's upcoming Black Panther film pushed development back on the sequel.