The character named Gabe Walker (Sylvester) in the movie looks to help out rescue a band of stranded hikers, merely to realise that they were, in fact, a bunch of violent criminals looking to retrieve their missing $100M following a plane crash.

The film will be directed by 'Angels and Fallen' director Ric Roman Waugh with the script written by Mark Biancolli. Neal H. Moritz's original film will produce with Rocket Science, as well as Stallone and Braden Aftergood's Balboa Productions.

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The star cast of the movie is still being decided.

Working on the iconic action-thriller director Waugh said, "Growing up with the biggest action films of the 80s and 90s, working on many of them myself, Cliffhanger was by far one of my favourite spectacles. To be at the helm of the next chapter, scaling the Italian Alps with the legend himself, Sylvester Stallone is a dream come true. It's going to be a great challenge and blast taking this franchise to new heights, a responsibility I don't take lightly."

Further details of the must-awaited sequel are yet to be revealed.

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