Jokinen, 38, played seven seasons for Florida (2000-08) and was captain from 2003-08. He is first in Panthers history in points (419), goals (188), game-winning goals (36), overtime goals (10), power-play points (153) and shots (1,837).
"Olli is an important player in the history of the Panthers franchise and he remains a fan favorite," Panthers president of hockey operations Dale Tallon said. "We are proud to give Olli the opportunity to retire as a Panther and we congratulate him on a long, successful and productive National Hockey League career."
Selected by the Los Angeles Kings with the No. 3 pick in the 1997 NHL Draft, Jokinen retires with 750 points (321 goals, 429 assists) in 1,231 NHL games with 10 teams. He last played in the NHL with the St. Louis Blues in 2014-15.
Jokinen lives in Florida, and formed the South Florida Hockey Academy in 2016, along with former Panthers teammates Tomas Vokoun and Radek Dvorak.