Collingwood captain Scott Burns will on Monday announce his retirement from the AFL.

Burns, 33, will announce his departure from the game at a press conference on Monday morning, alongside coach Mick Malthouse and Magpies president Eddie McGuire.

The midfielder, a veteran of 264 games over 14 seasons, had been wrestling with the decision to play one more season or bow out while still at the top of his game.

He is expected to be offered a role as an assistant coach by several clubs, including reigning premier Geelong.

Burns took on Collingwood's captaincy this season following the retirements of Nathan Buckley and James Clement in 2007.

Burns led the Pies to another finals campaign this season but was unable to play in the club's two finals game because of a calf injury.

His departure means Collingwood must appoint a third skipper in as many seasons, however Burns' successor is likely to be a long-term leader.

The leading candidates are ruckman Josh Fraser, 26, who led the club in Burns' absence this year, utilities Nick Maxwell, 25, and Tarkyn Lockyer, 28, and midfielder Scott Pendlebury, 20, who are all in the club's leadership group.

Defender Shane Wakelin and winger Ryan Lonie are the other Magpies who have already confirmed their retirements this season.

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