Totti had been given the chance to play on, with Tokyo Verdy in Japan's second tier among the clubs to make offers to the 40-year-old midfielder.
'The first part of my life as a football player is over and now another more important one is about to begin.
The former Italy worldwide confirmed he had played his last game for Roma in the season finale against Genoa, although he stopped short of calling time on his playing career in an emotional statement to his supporters.
'Now I move on, I'm turning over a new leaf. His 786th and final appearance for Roma was as a substitute in a 3-2 league win over Genoa at the Olimpico. That former was an historic day.
"Yes, the first part is over, that of a player, and now begins another important assignment as a director, where hopefully I can have a similar impact as I did on the pitch", Totti said in an interview published by the club.
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Et venit, vidit vicit- Francesco Totti came, saw and conquered when it came to Rome, Italy and the world.
He made 784 appearances for the club and has 307 goals.
Totti celebrated his last game for Roma on May 28, more than 24 years after his debut against Brescia in 1993.
'We start from square one.
Details on the nature of his new backroom role with Roma were scarce, with Totti saying that he wanted to be available to all, "from the youth sector to the President".
"Ultimately, he was unable to get his family's blessing", Verdy president Hideaki Hanyu told Japan's Nikkan Sports newspaper, claiming Totti's celebrity wife Ilary Blasi had been a major factor in the collapse of their ambitious pursuit of the 40-year-old World Cup victor.