Sylvester Stallone has finally landed a deal to adapt James Byron Huggins' novel "Hunter" into a major new movie, according to industry reports.

The actor/director has owned the film rights to the book for the past decade, but he has never been able to nail down a production deal - until now.

According to Yahoo!, he has teamed up with executives at Lionsgate and is hoping to release the movie in 2014.

Stallone will write, direct and star in the thriller about the search for a mythical beast in the Arctic Circle. The film will be shot in 3D.