Alessandro Del Piero has confirmed his playing career with Sydney FC is over, but he may return in another capacity.
The former Juventus great has been linked with the recently vacated coaching position at the A-League club after Frank Farina's sacking.
Del Piero, 39, and the club are looking to continue their relationship, but it remains unclear in what way.
After 24 goals in 48 games, which saw him finish as the club's top goalscorer in both of his seasons, Del Piero offered his thanks in a farewell message posted on his website.
"Australia, the moment has arrived to say 'arrivederci'," Del Piero said.
"My adventure with Sydney FC is about to be concluded, and, even if it makes me rather sad, because I have had wonderful time here, I have communicated my decision to the club.
"I'm really grateful for the last two years and for the club's request for me to remain and with whom, I am happy to explore new opportunities to continue our relationship.
"It hasn't been an easy choice, also because my life on and off the pitch has been fantastic, my family and I have really enjoyed these two wonderful years.
"Australia will remain in our hearts forever."
Del Piero will captain the A-League All-Stars in an exhibition match against Juventus in August, while he is also an ambassador for the 2015 AFC Asian Cup to be held in Australia.
He may continue his playing career elsewhere after being linked with several moves earlier this year.
Sydney FC chairman Scott Barlow said Del Piero's signing was the biggest in Australian football history, and is hoping their relationship can continue.
"Today is bitter-sweet," Barlow said in a statement.
"While we would have liked to see Alessandro remain at Sydney, his decision now allows us to further our discussions about some exciting new opportunities for our ongoing relationship and to build on the legacy that has been started.
"On behalf of everyone at Sydney FC I would like to say thank you to Alessandro for the enormous contribution he has made to our club over the last two years.
"It has been a pleasure and a privilege to have him at our club and we look forward to seeing him in the near future when he is next back in Sydney."
|Fassone: No more signings planned for Milan|
|Messi´s buyout clause? Someone could pay it – Guardiola|
|Koeman lauds ´clever´ Rooney after 200th Premier League goal|
|Burnley boss Dyche tells Wood to be like Neymar|
|Mbappe to PSG will ruin Ligue 1, warns Aulas|
|Rooney revels in 200th Premier League goal as Everton hold City|
|West Brom´s Robson-Kanu loses red card appeal|
|Costa would fit in at Marseille – Eyraud|
|One of the proudest days of my life - Pep Guardiola delighted with City effort in Everton draw|
|Wayne Rooney to discuss England return with Gareth Southgate|
|Koeman disappointed despite ´good result´ at City|
|How Rooney reached 200 Premier League goals - the numbers behind the milestone|
|Manchester City 1 Everton 1: Sterling strike denies visitors after Rooney milestone|
|Wayne Rooney scores 200th Premier League goal|
|Iturbe joins Tijuana on loan|
|Vardy fitness boost for Leicester ahead of Blades cup tie|
|Al Ain 0 Al Hilal 0: All square after scrappy quarter-final first leg|
|Clement reminds Abraham he´s ´not here on work experience´|
|City to pay tribute to victims of Manchester and Catalonia attacks|
|De Ligt signs four-year Ajax extension|
|Kondogbia departs Inter for Valencia loan|
|Spurs star Kane unconcerned by continued August hoodoo|
|Cutrone to feature in Montella´s immediate Milan plans|
|Guardiola one of the best - Ederson had no doubts over Manchester City move|
|They´re just rumours - Nice´s Fournier plays down talk of Barca move for Seri|
|Chelsea´s ´great character´ key to Wembley win - David Luiz|
|Martial backs Pogba for Ballon d´Or within five years|
|So stupid - Muller rues knee injury after ´helicopter´ crash|
|Feyenoord sign winger Larsson from Heerenveen|
|Ritchie and Phillips return to Scotland squad for qualifiers|
|Sakho asking price ´much too expensive´ for Palace boss De Boer|
|Costa calls Conte ´disrespectful´ over ´moment of madness´ text message|
|Ederson backs Neymar´s Ballon d´Or ambition|
|Burnley land Chris Wood in club-record transfer|
|Man City outcast Nasri joins Eto´o at Antalyaspor|
|Steve McClaren heads to Israel with Maccabi Tel Aviv|
|Early hours third-round draw brings more ridicule for EFL Cup|
|Arsenal send Jenkinson and Bramall to Birmingham|
|Roberto eyes Barca stay after revelling in midfield role|
|Lewandowski irked by busy Bayern pre-season|
|Coutinho should decide his future - Manchester City´s Ederson supports Barca target|
|Ibrahimovic fighting fit for possible Manchester United return|
|Rummenigge defends Barcelona´s Dembele bid|
|Fernandinho sounds Rooney warning for Manchester City|
|Brighton sign Izquierdo in club-record deal|
|MLS Review: NYC, Sounders score stoppage-time winners|
|They shouldn´t be there! – Neymar hits out at Barca board|
|Ramos highlights animosity towards Madrid after red card|
|Mourinho tells Rashford to embrace boo boys|
|Zidane wants no more changes to Madrid squad|
|Pastore rules out leaving PSG in swap for Mbappe|
|Messi will sign Barcelona contract – Fernandez|
|Real Madrid captain Sergio Ramos equals LaLiga record for red cards|
|Spalletti eyes improvement despite convincing Inter win|
|Montella pleased with Milan´s winning start|
|I can improve - Neymar wants more despite stunning Parc des Princes bow for PSG|
|Valverde praises Barca stand-ins after opening win|
|Deportivo La Coruna 0 Real Madrid 3: Bale nets as champions make confident start|
|Celtic star Tierney destined for Premier League, says Adam|
|Deulofeu dedicates Barca win to victims of Las Ramblas attack|
|Guardiola not worried over City´s Everton struggles|
|Paris Saint-Germain 6 Toulouse 2: Neymar shines on Parc des Princes debut as Verratti sees red|
|Crotone 0 AC Milan 3: Cutrone and Suso star in sizzling start|
|Inter 3 Fiorentina 0: Icardi double condemns Pioli to miserable return|
|Barcelona 2 Real Betis 0: Deulofeu on song as Valverde makes winning start|
|David Luiz and Bakayoko branded ´amazing´ by Conte as Chelsea beat Tottenham|
|No Wembley worries for Pochettino despite Spurs setback|
|Desire of champions still in Chelsea´s hearts, says Conte|
|Manchester City´s Mendy hails Batshuayi own goal as #bulletheader|
|Chelsea match-winner Alonso hails champion spirit after stunning Spurs|
|Bayern drawn against RB Leipzig in DFB-Pokal|
|Big-spending Everton ´expecting to win and win´ - Pickford|
|Welcome to AC Milan - Kalinic´s arrival confirmed|
|Tottenham 1 Chelsea 2: Awesome Alonso ensures more Wembley woe for Spurs|
|West Brom appeal against Robson-Kanu red card|
|Monchi focused on signings not sales at Roma amid Cuadrado links|
|Wagner lauds ´totally important´ Huddersfield wins|
|Koeman believes Everton can exploit Manchester City defence|
|Huddersfield determined to make an impact, says Ince|
|Andone comfortable at Deportivo but tempted by Burnley move|
|Fekir: Halfway line wonder goal was about instinct|
|Salihamidzic impressed by Bayern´s new boys|
|Shakespeare expecting Vardy to be fine after knock|
|Huddersfield Town 1 Newcastle United 0: Fierce Mooy strike sees flying start continue|
|Gullit calls on Conte to apologise to Chelsea exile Costa|
|´Incomprehensible´ Keita is like two players - Heidel|
|Kompany ready for next instalment of Rooney rivalry|
|Watzke withering over Barca´s role in Dembele soap opera|
|Hamburg´s Muller suffers torn ACL celebrating winning goal|
|Iniesta casts doubt on Barca future|
|Morata wants to ´make an explosion´ with Chelsea|
|I remember one day he started shooting the journalists - Pochettino recalls Maradona mayhem|
|Conte signals intention to remain at Chelsea for ´many years´|
|MLS Review: Toronto pull clear, Montreal continue run|
|Bosz lauds ´special´ Gotze after star´s return|
|Wenger: I´m not thinking about signing players|