Pele was reportedly in line to light the Olympic cauldron, following in the footsteps of the likes of Muhammad Ali and Cathy Freeman.

However, the 75-year-old has released a statement saying health reasons will prevent him from attending the opening ceremony.

"Only God is more important than my health," Pele said in a statement reported widely by the Brazilian media.

"In my life I have had fractures, surgeries, pain, hospital stays, victories and defeats, and respecting those who admire me.

"The responsibility of the decisions are mine, where I have always tried not to disappoint my family and the people of Brazil.

"At this moment I am not physically able to attend the opening of the Olympics.

"And, as a Brazilian, I ask God to bless all who participate in this event and it is a great success and finish alone!"

Pele had a new hip fitted in 2012 and has had several health issues since, including undergoing prostate and back surgery last summer.

The 75-year-old has been in Rio de Janeiro in the build-up to the opening ceremony to launch an academy in his name.

Hours before the announcement that he would miss the opening ceremony, the former striker posted a photo on Instagram alongside ex-Brazil captain Carlos Alberto in front of a Pele Academia backboard.

Brazilian media are tipping sailing great Torben Grael and three-time French Open winner Gustavo Kuerten as potential candidates to light the cauldron in Pele's absence.