A spokeswoman for the aquarium in Oberhausen, Germany says the intuitive invertebrate will not give any more predictions and will instead go back to his former job of making children laugh.
The octopus became a pop culture sensation by correctly predicting the outcome of as many World Cup matches as he has legs, all seven of Germany's games plus the Spain versus Netherlands final.
Paul took one last curtain call on Monday.
Aquarium employees presented the octopus with a golden cup, similar to the official World Cup trophy.
The cup was garnished with three mussels which the octopus later devoured.