Scholes originally retired two years ago but was tempted out of it by manager Sir Alex Ferguson, who is retiring himself this summer.
“I am finally hanging up my boots for good,” said Scholes.
“Playing football is all I have ever wanted to do, and to have had such a long and successful career at Manchester United, under the greatest manager of all time, has been an honour.”
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.