This time around, Balboa will act as a trainer to the young Creed.
The plot is still under wraps, though it will center on Jordan’s character, who essentially overcomes a privileged childhood — his famous boxing grandfather died in “Rocky 4″ but left a fortune behind — to discover his own pugilistic prowess. He seeks a trainer in Balboa, who’s not too keen on getting back into the fight game.
Stallone will also produce, along with Kevin King and original “Rocky” producers Irwin Winkler and Robert Chartoff.
Thompson broke out as the lead in the Sundance hit “Dear White People,” for which she recently won the Gotham Award for Breakthrough Actor. She also has a role in “Selma” and has wrapped the indie “The Prop Is the Girl.” She is represented by Greene & Associates and Mosaic.
Deadline first reported the news.