Terry’s decision to leave brings an end to his 22-year association with the club during which time he made 713 appearances, captaining the club on 578 occasions.
Writing on the club website Chelseafc.com, 36 year old Terry, said he’s full of thanks for the many years spent at West London.
“After 22 years there is so much to say and so many people to thank at this great football club.
“From coaches, team-mates and staff to the fans who have given me so much support down the years, I can’t thank you enough,”
“The club and I have always had a fantastic relationship, which will continue beyond my playing days. We had some really positive talks but with everything taken into careful consideration I have decided it’s the right time for me to leave.
“I’ve always been conscious that I depart at the right time, in the right way, and I feel that the end of this season is the right time for the club and I. I feel I still have plenty to offer on the pitch but understand that opportunities here at Chelsea will be limited for me.
“I’m eager to carry on playing and so will be looking to continue with a new challenge. I will of course always be a Blue and am desperate to end my final season as a Chelsea player with more silverware.
“Finally, words cannot describe the love I have for our football club and our amazing Chelsea fans. I would like to thank each and every one of you from the bottom of my heart for the unbelievable support you’ve shown me over the years.
“You mean the world to me and every trophy we’ve won during my time at the club we’ve won together. I will never forget the incredible journey we’ve been on. Thank you so much for everything.”
Terry won the FA Cup five times, three League Cups, the Champions League in 2012 and the Europa League in a glittering career marked by unwavering commitment.