The 35-year-old confirmed the news on Monday, following a hugely successful career that lasted 20 years.
Riise joined Delhi Dynamos F.C. After a hugely successful stints at Monaco, Liverpool, Roma and Fulham. In the seven years at the Anfield, he cemented his reputation as arguably the best left-back during his time at the Premier League.
His marauding left-foot has been a talking-point in footballing circles for years now and will continue to awe future generations of footballers and football lovers!
Riise sounded extremely upbeat when he informed DDFC about his decision and chirped,"I'm very excited about starting a new chapter in my career. Of course, I'll miss playing actively, but I still have a lot to look forward to."
Riise has, on previous occasions, expressed interest in coaching. On being asked, he said,"I can't reveal much about my future plans right now. It's still too early. I want to spend time with my family, most importantly. And, hopefully, continue to stay involved with football.