Valverde was due to compete in the Paris-Bourges race on Thursday and the Paris-Tours one-day classic next weekend but after discussions with his Caisse d'Epargne team he has decided to hang up his bike.
"I need to rest both mentally and physically before thinking towards next season and resuming training," said Valverde, who will compete in a few criterium races in the coming weeks.
As well as the three-week Tour of Spain, Valverde also won the Tour of Catalunya and Dauphine Libere stage races earlier this season.
However Valverde failed to live up to expectations and win a medal at the world road race championships last week when
And his future in the sport is hanging in the balance ahead of an upcoming decision by the Court of Arbitration for Sport (CAS).
Valverde is currently serving a two-year ban in
CONI claim a blood sample taken from the Spaniard at last year's Tour de France when it passed through
CAS is currently studying two appeals.
The first is from Valverde protesting against his CONI ban, which meant he could not race this year's Tour de France because it again passed through
The other is a joint appeal from cycling's ruling body the International Cycling Union (UCI) and the World Anti Doping Agency (WADA) asking CAS to force the Spanish cycling federation, which is supposed to act on any misconduct by their affiliated riders, to open a case against Valverde.
An upcoming CAS decision could give the UCI the legitimacy it needs to ban the Spaniard worldwide.
© 2009 AFP