Rocky Balboa
- Box as Apollo Creed
- Win the "Apollo Creed vs. Ivan Dragon" match in Historical Fights mode to unlock Apollo Creed from Rocky IV.
- Box as Dave Fossan
- Win the "Rocky Balboa vs. Cluber Lang 1" match in Historical Fights mode to unlock Dave Fossan.
- Box as Joe Czak
- Win the "Clubber Lang vs. Rocky Balboa 2" match in Historical Fights mode to unlock Joe Czak.
- Box as Mason "The Line" Dixon
- Win the "Rocky Balboa vs. Mason Dixon" match in Historical Fights mode to unlock Mason "The Line" Dixon.
- Box as Rocky V
- Win the "Mason Dixon vs. Rocky Balboa" match in Historical Fights mode to unlock Rocky V.