The Romanian played for a host of clubs after making his breakthrough in his homeland with Arges Pitesti in 1996.
He spent a large chunk of his career in Italy, with Juventus, Fiorentina and Inter Milan among clubs he represented, and spent a year at Chelsea before being sacked after testing positive for cocaine.
Mutu, who scored 35 goals in 75 appearances for Romania, most recently played for ASA Targu Mureu0219.
But he has now decided to call time on his playing career, and is planning to take up a coaching role.