Sao Paulo's Albert Einstein hospital, where Pele was undergoing treatment, said he died at 3:27 p.m. "due to multiple organ failures resulting from the progression of colon cancer associated with his previous medical condition."
The death of the only man to win the World Cup three times as a player was confirmed on his Instagram account.
"Inspiration and love marked the journey of King Pele, who peacefully passed away today," it read, adding he had "enchanted the world with his genius in sport, stopped a war, carried out social works all over the world and spread what he most believed to be the cure for all our problems: love."