The 37-year-old may not have the pace of old but he is still a massive influence on the pitch and remains one of the best crossers and dead kicker of a ball in the world.
He intends to quit after the season-ending MLS Cup final on 1 December.
In a statement Beckham, 37, said: "I wanted to experience one last challenge before the end of my playing career."
But which club is the most likley to succeed in attracting Beckham and of course his family?
Melbourne Heart claim they are in talks with Beckham over a "10-game stint" in Australia, despite his camp saying he had "no plans" to play in the A League.
Heart chief executive Scott Munn told BBC Sport: "We are incredibly serious and working tirelessly with David's representatives to table a compelling offer which is commensurate with the international player that David is.
"We're taking to David about a 10-game stint. Football is the third code behind Australian Rules football and rugby league - we think David takes it to the next level."
Beckham was also linked with a move to SPL Club Celtic - Beckham would be eligable for the later stages of the Champions League should Celtic qualify - a score draw in Portugal on Tuesday could be sufficient. Beckhams pal hip hop star Snoop Dog is rumoured to be interested in buying a stake in the Glasgow club and bringing his mate with him to play.
The other runner has to be money bags club PSG. The Parisian side have already found the money to sign the likes of Sweden's Zlatan Ibrahimovic and you can see a life in Paris appealing to the Beckham image. Ibrahimovic is reported to be on 14 million euros a year in a three year deal and money seems to be no object for PSG.
With the likes of Didier Drogba plying their trade in the Chinese Super League the Chinese might be a player. But Drogba is keen to return to Europe, and whilst one of the main reasons behind the striker's decision to join Shanghai was his €12 million annual salary, the striker has been paid late more than once since his transfer, much to his dismay. That won't have gone unoticed by Beckham's advisors
There were also rumours that Premier League side West Ham might give Beckham a deal until the end of the season with a view to a further year. But Beckham resisted the temptation to re-join the Premier league when he left Spain and from what has been said he is looking for a challenge.
Wherever Beckham decides to hang his boots next the club involved is sure of a financial boost from media interest, merchnadise and gate receipts.