Talk about an 80s action cinema reunion - Bruce Willis has signed on to star alongside Sylvester Stallone and Arnold Schwarzenegger in a new movie.

Stallone is writing, directing and starring in The Expendables - a movie which tells the tale of a group of mercenaries attempting to overthrow a South American dictator.

Willis and Arnie will only be playing cameo roles, but the Die Hard actor admitted that the three will be on screen together for the first time in movie history.

"That's the concept. That's the plan," Willis told MTV.

Jet-Li, Jason Statham, Dolph Lundgren and Mickey Rourke also star in the eagerly awaited action movie.