Melbourne Storm fullback Billy Slater is set to hang up the boots at the end of the season, with the 35-year-old planning to make the announcement very soon.

According to the Herald Sun, Slater could call time on his career as early as Wednesday, although it is believed he's made up his mind regarding his playing future.

Slater will finish his career as one of the greatest ever fullbacks to play the game, after 313 appearances for the Storm, 31 for Queensland and 30 for Australia.

The explosive No. 1 has 187 NRL tries to his name, 74 more than the next highest tally for the Storm.

Slater has four grand finals wins, although he could certainly make it five this season, with the Storm currently sitting in second place on the NRL ladder.

His retirement would open up a spot at fullback, with young gun Jahrome Hughes or Maroons Origin star Cameron Munster likely to slot into that position.

Melbourne face the Sharks, Eels, Titans and Panthers to round out the regular season.

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