He will play his final AFL game this weekend against his former side Carlton.
Gibbs informed teammates of his decision to retire today, calling time on his 14-year career.
“The Carlton Football Club gave me the opportunity to fulfil a boyhood dream and I cannot thank them enough,” Gibbs told afc.com.au.
“It was home for 11 years and the club shaped me into the person I am today, and I’ll be forever grateful for everything they have done for me.
“I have given my all in 14 seasons at the top level and I’m looking forward to playing against some of my lifelong friends one final time.”
The 31-year old has played 267 AFL games, crossing from the Blues to the Crows at the end of the 2017 season.
Gibbs has played 36 games over three seasons at the Crows in a move that has been largely unsuccessful.
However, he appreciated the opportunity to return to his home state.
“I’m so thankful to the Adelaide Football Club for giving me the chance to come home to South Australia and be closer to friends and family,” Gibbs said.
“I would have loved to have played more footy for the Crows and it’s an incredible environment here, and I’ve really enjoyed helping and trying to positively influence the younger blokes.
“Looking ahead to next year, there would have been limited opportunities for me given the club is rebuilding and the time is right to step aside and let the next generation grab their opportunity.”
Crows coach Matthew Nicks thanked Gibbs for his leadership during the 2020 campaign.
“Bryce has shown tremendous leadership this season, despite not playing as much football as he would have liked,” Nicks said.
“His overall attitude and his desire to pass on his knowledge and experience to our younger players has been first class and he’s truly lived our mantra of prioritising others.
“We firmly believe good things happen when you take that approach, so he will get an opportunity to play this weekend against his old side which will be a great farewell for him.
“Everyone at the club wishes Bryce, his wife Lauren and their children Charlie and Madison all the best for the future.”
It is believed Gibbs and Adelaide will reach a settlement agreement for the final year of his contract.
It follows reports earlier this morning that former teammate and Blues ruckman Matthew Kreuzer will announce his retirement.