Better make some room in your trophy case, Sylvester Stallone!

The 69-year-old actor will pick up the Santa Barbara International Film Festival’s Montecito Award on Tuesday, Feb. 9 — and we couldn’t be happier Sly is receiving this special honor!

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Sylvester on Jan. 10.

Past recipients of the coveted award include Oprah Winfrey, Daniel Day-Lewis, Naomi Watts and Kate Winslet, just to name a few!

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Sylvester — who recently took home his first Golden Globe award for his outstanding performance in Creed — will also attend the Oscars on Feb. 28, where he is nominated for Best Supporting Actor.