"I've been thinking for several years - when you reach 33, 34 or 35 - the moment can arrive at any time in a game, in training, or with an injury".
"It's better to leave football before football leaves me", he told a news conference speaking in Spanish.
The Spaniard scored 376 goals in 752 games across his club career, as well as a hefty return on the worldwide stage.
He tweeted: "Queens always showed love to me and my family while we were in NY".
The 37-year-old is now playing for Vissel Kobe in Japan after a glittering career at worldwide and club level that has included stints at Barcelona, Atletico Madrid and Valencia. It is my objective to put the cherry on top by winning the Emperor's Cup with Vissel Kobe on January 1st. "Thank you for all the love".
The attacker has scored 12 times and contributed two assists across 26 appearances this campaign, with the club now 10th in the J-League.
Israeli strike on Damascus kills Palestinian figure's son
Israeli authorities said schools across southern Israel and the Tel Aviv region were closed after rockets reached the area. In the separate strike, Islamic Jihad confirmed one of its officials, Akram Ajouri, was targeted in Damascus.
And on Tuesday, Villa confirmed he had become a lead investor in a new club in the USL Championship.
"It's a decision I've thought about a lot", he said.
"There is no other place like it in the world".
"We've worked for many years on this". He said it was "a dream to build" a new professional team.
"I'm very happy with my career. And the future now is Queens".