The soccer star will reportedly be relocating with his wife Victoria and their children, Brooklyn, 13, Romeo, 10, seven-year-old Cruz, and 16-month-old daughter Harper, very shortly, putting an end to his six-year career with his Los Angeles Galaxy team to focus on "one last challenge".
David said in a statement, "I've had an incredibly special time playing for the L.A. Galaxy. However, I wanted to experience one last challenge before the end of my playing career."
"I don't see this as the end of my relationship with the league, as my ambition is to be part of the ownership structure in the future."
Speculation is rife that the 37-year-old star's next move could be Australia, Paris, France, or even his native London, where former Spice Girls star Victoria could expand her fashion empire.
A source recently said, "London would suit Victoria because that is where her design studio is and, as a family, they love the energy there. But it would be a big move and lifestyle change for the children and David and Victoria aren't sure they're ready to make that sacrifice."
"Ultimately, David has to decide what he wants for his future and how that affects his family."