The 33-year-old three-time FIFA World Player of the Year and two-time World Cup winner is currently plying his trade in his homeland with Corinthians, and has revealed that he will hang up his boots once and for all when his contract expires on December 31 next year.
"I have extended my contract for another two years and that will be the last of my career. I want to give my all, have fun and finish with some major achievements," he said at a press conference.
The veteran goal-getter, who has netted 62 goals in 97 appearances for Brazil, has scored more than 200 league goals during an illustrious career with PSV Eindhoven, Barcelona, Inter Milan, Real Madrid and AC Milan.
After recovering from serious knee injury sustained playing for the Rossoneri in 2008, he returned to South America with Corinthians, where he hopes to win the one title that has eluded him - the much-coveted Copa Libertadores.
And he revealed that he had still not yet given up hope of being named in Dunga's squad for the forthcoming World Cup finals in South Africa, where he would attempt to clock up a century of caps for the Samba Boys and add to his record of 15 goals scored in World Cup finals.
"About the World Cup, we'll see,'' he said.
"I still have a chance of going. But for 2014 [when Brazil host the tournament] it is impossible. It is a long way off and time is moving on."
Ronaldo's agent, Fabiano Farah, confirmed that the striker will perform ambassadorial roles for Corinthians following his retirement.
"Ronaldo will become a representative of Corinthians abroad. We will combine his name and the importance it has with the strength of the club.''
