Green Bay Packers quarterback Brett Favre leaves the field with his wife, Deanna, following a 42-20 victory over the Seattle Seahawks on Jan. 12, 2008, at Lambeau Field. It would be his last victory with the Packers. Credit: Mark Hoffman

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Green Bay — The Green Bay Packers and quarterback Brett Favre have mended their fences.

After several years of discussions with Favre, the team has scheduled a joint announcement with the Packers Hall of Fame for 1:30 p.m. Monday. Favre will speak via telephone.

(Follow our live blog from the news conference here.)

According to a source familiar with the announcement, Favre will go into the Hall of Fame next year, once the new facility is finished inside the Lambeau Field Atrium. The new hall is scheduled to be completed in April, and Favre would go in in July.

The Packers, meanwhile, will announce that they will retire Favre's No. 4 next season.

"It was a tremendous honor to play 16 years for the Green Bay Packers," Favre said on his website, confirming the news. "Now to have my name placed among others such as Starr, Hornung, Kramer, Taylor, Lambeau, Nitschke, Lombardi, Davis, White and Hutson is a special honor that I share with all of my teammates and coaches, and that would not have been possible but for the foresight of Ron Wolf, the greatest GM in the history of the NFL."

Packers president Mark Murphy said after the team's shareholders meeting July 24 that Favre was expected to visit Lambeau Field this year, but he did not anticipate that his number would be retired then.

A source confirmed that the ceremony would not take place this year and that the Packers will wait until after his induction in their Hall of Fame to retire his number before a game at Lambeau Field.

Murphy has worked for several years to arrange the retirement of Favre's jersey, but it has taken time for hard feelings to subside after the ugly manner in which Favre left the organization in 2008. Favre went on to play for the rival Minnesota Vikings and reportedly held a grudge against general manager Ted Thompson.

Favre retired after the 2007 season but later decided he wanted to come back. Thompson and coach Mike McCarthy had already settled on Aaron Rodgers as their quarterback, and after a meeting as training camp began, Favre was traded to the New York Jets.

He played one season there before signing with the Vikings and playing his final two seasons there. Favre was booed when he returned to Lambeau as a Viking, and many fans have not forgiven him for playing with a division rival.

Former Packers president Bob Harlan played a big role in getting Favre to agree to have his number retired. Harlan had a very good relationship with Favre and has spoken with him numerous times and apparently helped pave the way for the induction and number retirement.