Mickey Rourke - Mickey Rourke Out Of Expendables 2

Mickey Rourke has pulled out of 'The Expendables 2'.

The 59-year-old actor - who played the role of Tool in the first Sylvester Stallone-directed action film - will not be taking part in the sequel, with Deadline.com reporting the pay cheque was not big enough for him to be involved in the Simon West-led project.

Instead, Mickey is now in negotiations to work on 'Seven Psychopaths' alongside Colin Farrell, Sam Rockwell and Christopher Walken.

The movie tells the tale of a screenwriter who is struggling to find a handle for his script - entitled 'Seven Psychopaths' - until he takes part in the kidnapping of a gangster's dog, which gives him the idea for a hook.

Martin McDonagh is directing the film, with Colin set to play the lead scribe, with Graham Broadbend and Peter Czernin producing.

'The Expendables' - which starred Stallone, Jason Statham, Jet Li, Bruce Willis and Dolph Lundgren - was a big hit upon its release in 2010, making $274 million worldwide on an $80 million budget.

Oscar-nominated Mickey will next be seen in 'Immortals' alongside Henry Cavill and also recently signed up to star in 'Java Heat'.