Sylvester Stallone and Kurt Russell Eying Next Project: Taylor Sheridan Team-Up ‘Would Be a Slam Dunk’

Sylvester Stallone and Kurt Russell are itching to team up again for another project, a source tells Closer, 36 years after costarring in the 1989 buddy cop action-comedy Tango and Cash.

Critically derided but commercially successful, “Tango and Cash was a difficult movie to make,” admits the source. “Despite that experience, there’s always been a healthy mutual respect and friendly rivalry between these two huge stars.”

In December, when Stallone, 79, was recognized for his contributions to acting at the Kennedy Center Honors in Washington, D.C., it was Russell, 75, who took the stage to pay tribute to him.

“He treated me like his little brother,” the Overboard star said, per TV Insider. “He took care of me.”

The timing couldn’t be better.

“It’s pretty crazy that after all their decades as friends and friendly rivals, Kurt and Sly both find themselves on hit shows inside the Taylor Sheridan-run corner of the streaming TV world,” notes the source.

In Tulsa King, Stallone plays a former New York mafia capo transplanted in the heart of Oklahoma, while The Madison stars Russell as a wealthy Manhattan financier whose family moves to Montana in the wake of his tragic death.

“Teaming them up again by crossing them over within their Sheridan-produced shows seems like it would be a slam dunk,” says the source. “But as much as he respects Kurt, Sly puts every creative and business decision under the microscope.”

And the three-time Oscar nominee better like what he sees.

“Getting both of them back into a project together can happen, and it can happen soon, but only if Sly feels it 100 percent measures up to his expectations,” reveals the source. “It’s just not worth it to him if it doesn’t.”