ZURICH -- FIFA President Sepp Blatter says he will resign from soccer's governing body amid a widening corruption scandal and has promised to call for fresh elections to choose a successor.
"I have deeply reflected on my presidency and my past 40 years at FIFA," Blatter said during a press conference today. "I love FIFA more than anything and I only want to do the best for football and FIFA."
The 79-year-old Blatter was re-elected to a fifth term on Friday, two days after a corruption crisis erupted and seven soccer officials were arrested in Zurich ahead of the FIFA congress.
Speaking at a hastily arranged news conference on Tuesday, Blatter says "this mandate does not seem to be supported by everybody in the world of football."
Blatter says that despite his re-election victory "FIFA needs a profound restructuring."
Elections are expected to take place sometime between December and March.
Days before the election, the U.S. Department of Justice accused 14 people of corruption and racketeering conspiracy in a 47-count indictment released last Wednesday. Nine FIFA officials and five corporate executives were indicted, including two current FIFA vice presidents and the current and former presidents of CONCACAF, Jeffrey Webb and Jack Warner.
Meanwhile, Swiss attorney general says Blatter is not under investigation by Swiss authorities.
ABC News contributed to this story.