The 30-year-old went on to make 70 appearances for the Tigers after making the switch from Newcastle in 2008.
Woods went on to win two Premiership titles, while he scored a try in the Heineken Cup final defeat to Leinster in 2010.
However Woods told the club's official site: "It is a very difficult decision to stop playing, but I have enjoyed playing the game professionally and Leicester Tigers is a great club.
"The coaching staff here showed a lot of faith in me and gave the opportunity to win trophies, which is what every player wants to do.
"I would like to thank everyone at Tigers for their support in my time at the club and I wish them well in the new season."
Gilbert has released a new line of rugby cleats. The Gilbert Virtuo 8S is part of the exciting new product. Check it out.
The entire All Blacks apparel line has been updated for 2013/14. Check out the New Zealand All Blacks polo.
The Nike Tiempo is a solid rugby cleat and one of few styles still made from full-grain natural leather.
The Gilbert Blitz 8S rugby cleat is a great cleat at a great price of $69.99. Get a new pair of cleats today.
A cool looking all black rugby cleat with the high performance adidas is known for. Get in the Gear!
Wear the crest of the British and Irish Lions on your t-shirt. A great look for the summer.
$29.99
The All Blacks Performance t-shirt is black with hints of blue from the training jersey. Very Cool.
The New Zealand All Blacks training jersey for 2013/14. Get in the Gear!
The USA Rugby Pro Alternate rugby jersey is perfect for any fan of the Eagles. Get yours to wear during the summer Test matches.
The NEW All Blacks 2013/14 jersey has arrived at World Rugby Shop. Dare to wear the colors of the All Blacks.
