"I've still got the fire inside me that I want to do it a little bit more," Dettori told the BBC.
"It was a long, hard decision with myself and my wife.
Dettori famously won all seven races during one afternoon at Ascot in 1996, costing bookmakers millions of pounds in payouts.
Having raced for 35 years, Dettori said he will also race in Dubai and Saudi Arabia while his goal is to find a horse for the Kentucky Derby.
Reporting by Rohith Nair in Bengaluru; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.
Persons:
Frankie Dettori, Andrew Boyers, I've, Dettori, It's, Rohith Nair, Peter Rutherford
Organizations:
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Locations:
Ascot, Britain, Italian, United States, USA, Dubai, Saudi Arabia, Bengaluru