Rocky may be going one more round with Drago.

Sylvester Stallone has expressed interest in recruiting his "Rocky IV" co-star Dolph Lundgren for his "The Expendables" project.

The writer/director/actor was on the red carpet for the "Transporter 3" premiere and mentioned Lundgren may be a part of the production. "It'll be like a homecoming for the tough guys", says the "Rocky" star of the film he'll write, direct and star in opposite Jason Statham and Jet Li.

The pic follows a team of mercenaries on a mission to overthrow a South American dictator. Lensing starts in February in Costa Rica and Louisiana.

This'll be Lundgren's biggest gig in years if it comes off for him. His last major big-screen release was the atrocious "Johnny Mnemonic" in the late 90s.

Here's Stallone on the red carpet :

Thanks to 'Tom'