The Rocky star claims the custom-built 1950 Mercury, which featured in his 1986 movie Cobra, was driven away from a storage garage in 1994 and later turned up in the possession of a collector who rents out vehicles for movies.
Stallone filed legal papers back in 2009 asking for company bosses to hand him the keys and after two years of legal wrangling, the two sides have now reached a deal which will see the star get his car back, according to TMZ.com.
Details of the deal were not disclosed. The car is said to be worth a massive $250,000 (£156,250).
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