The former France international was suspended from all footballing activity by FIFA's Ethics Committee last month over an "disloyal" payment of CHF2 million (£1.4 million/$2 million/€1.8 million) made to him by outgoing FIFA President Sepp Blatter in 2011.

Blatter, who was also banned for eight years, is also likely to appeal to FIFA's Appeal Committee.

Platini's decision to appeal comes after FIFA’s Ethics Committee provided both men with full written reasons for their suspensions, allowing their lawyers to use the document to file formal appeals.

"We'll read them, analyse them and launch an appeal on Monday," said Platini's lawyer Thibaud d'Ales. 

A statement from FIFA's Ethics Committee read: "The Adjudicatory Chamber of the independent Ethics Committee has fulfilled its commitment to provide the grounds for the respective decisions to Mr Blatter and Mr Platini within the first half of January 2016 as they had previously been informed.

"After receiving the grounds for the decisions, both officials may lodge an appeal with the FIFA Appeal Committee."

Platini has given up his bid to become the next FIFA President, but remains determined to overturn the ban.

This is despite world football's governing body refusing his request last month to bypass its process and appeal directly to the Court of Arbitration for Sport.

Platini's decision to withdraw from the FIFA Presidency race means both Asian Football Confederation President Shaikh Salman bin Ebrahim al-Khalifa and UEFA secretary general Gianni Infantino will stay in the running to replace Blatter when he steps down at an Extraordinary Elective Congress in Zurich on February 26, after they had both indicated they would withdraw if the Frenchman was declared as a candidate. 

It could also lead FIFA's Member Associations to reveal who they are backing in the race, which also includes South African businessman Tokyo Sexwale, Frenchman Jérôme Champagne and Jordanian Football Association President Prince Ali Bin Al Hussein.

Platini, who scored 41 goals in 72 appearances for his country during his career, was widely considered the favourite to succeed Blatter in the FIFA hotseat until news of the "disloyal" payment surfaced, which prompted the Ethics Committee to launch a full investigation into the matter.

The money he was given was for work he carried out for Blatter between 1998 and 2002, with question marks raised over a nine-year delay in Platini, President of UEFA since 2007, receiving the sum.