Fury has also admitted taking cocaine to deal with depression, which could see him lose his boxing licence on Thursday and make him banned from the sport indefinitely.
Fury said his decision was “for the good boxing” and it was “only fair and right” to give up his belts.
“I won the titles in the ring and I believe that they should be lost in the ring, but I’m unable to defend at this time and I have taken the hard and emotional decision to now officially vacate my treasured world titles,” he said.
“I now enter another big challenge in my life which I know, like against Klitschko, I will conquer,” Fury added.
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