Sylvester Stallone will portray hitman Gregory Scarpa -- also known as "The Grim Reaper" -- with Brad Furman on board to direct "Scarpa" for Millennium Films.

The project will re-team Stallone with "Rocky" producer Irwin Winkler with a screenplay by "Goodfellas" and "Casino" writer Nicholas Pileggi. Avi Lerner, who teamed with Stallone on "The Expendables" movies, will also produce.

Scarpa was a career criminal and an enforcer for the Colombo family. The project will focus on his work as an informant for the FBI and helping solve the "Mississippi Burning" case by allegedly pistol-whipping and kidnapping a member of the Ku Klux Klan in 1964.

Scarpa pleaded guilty in 1993 to three murders and died of complications from AIDS in prison in 1994.

Furman directed "The Lincoln Lawyer" and "Runner Runner."

Stallone will be seen next in "The Expendables 3" and Millennium's action-thriller "Reach Me."

Stallone, Furman and Pileggi are repped by WME.

News of Stallone starring as Scarpa was first reported by the New York Post.

2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC