Neil Diamond Will be Retiring From Touring Due to Parkinson's Diagnosis

The music world is losing one it's most beloved and best-selling artists. At least from the stage.

On Monday, Neil Diamond announced that he would be retiring from live performances and tour life after it was revealed that he was recently diagnosed with Parkinson's Disease.

"It is with great reluctance and disappointment that I announce my retirement from concert touring," he said in a statement on his website, stating that the disease has made it difficult to travel and perform.

But the music legend, most well-known for hits like "Sweet Caroline," "Cracklin' Rosie," and "Solitary Man" assured his fans that the disease wouldn't stop him from pursuing music in other ways.

"I plan to remain active in writing, recording and other projects for a long time to come," he promised. "My thanks goes out to my loyal and devoted audiences around the world. You will always have my appreciation for your support and encouragement. This ride has been 'so good, so good, so good' thanks to you."

The news comes ahead of Diamond's 77th birthday on Wednesday, and after the recent announcement that Diamond will be the recipient of the Lifetime Achievement Award at this year's Grammy Awards. The honor follows previous inductions into the Songwriters Hall of Fame in 1984 and the Rock & Roll Hall of Fame in 2011, along with Diamond's inclusion in the Kennedy Center Honors, also in 2011.

Once the word got out, tributes from fans and fellow musicians came pouring in. Including from Neil Sadaka, who worked with Diamond at the famous Brill Building, churning out hits in the 60s:

Micky Dolenz, who covered Diamond's "I'm A Believer" with the Monkees, launching the group into superstardom, also sent his well wishes, telling PEOPLE in a statement:

"Needless to say, I am dismayed at the news that one of the greatest songwriter/performers of my generation is having to curtail his activities due to illness. Through his music, Neil brought untold joy to countless fans and to the world in general. I wish you all the best, Neil, and a remain a 'Believer' in everything you do."

Social media was awash with love for the music icon:

We're all wishing the best for the living legend.

H/T: Huffington Post, PEOPLE