"I'm thankful to PSG [Paris Saint-Germain] for giving me the opportunity to continue but I feel now is the right time to finish my career, playing at the highest level," the BBC quoted the Paris Saint-Germain player as saying in a statement on Thursday.
In March, Beckham (37) raised the prospect of one last stop on his football journey, refusing to rule out playing in China after Paris Saint-Germain.
Speaking at a news conference at the time where he was unveiled as an ambassador for the Chinese Super League (CSL), the former England captain left open the possibility.
"I am continuing to play now. So if I continue to stay fit, if I continue to progress as a player because I still feel that I can learn from playing the game, who knows?" he said, after being asked whether he might play in China.
"People keep saying it will be my last club and my last season but I continue to play and I love playing, so we'll see."
Beckham joined Paris Saint-Germain in January on a short-term deal until the end of the season after leaving Los Angeles Galaxy in December.
As his time in the US drew to a close, Beckham in March said he wanted "one more challenge" before retiring, sparking a clamour for his signature from teams across Europe and Australia. – Reuters, AFP