The 40-year-old central defender, who helped Colombia win the Copa America in 2001 and was capped 102 times, completed his training as a coach after leaving Argentina’s San Lorenzo last year.
“I will remain linked to football in some way, I have my badge as a coach,” Yepes told a news conference in the Colombian city of Cali.
Yepes played for Cortulua and Deportivo Cali in Colombia before joining Argentina's River Plate and French clubs Nantes and Paris St Germain.
He also had spells in Italy with Chievo Verona, AC Milan and Atalanta.
(Reporting by Luis Jaime Acosta; Writing by Rex Gowar, editing by Ed Osmond)
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