The iconic Australian spinner died of a suspected heart attack in Thailand, aged just 52.
Tributes have poured in from across the globe over the weekend, with fans also leaving flowers, beer and photographs at Warne's statue at the Melbourne Cricket Ground.
Warne propelled himself to global fame after the infamous 'ball of the century' to dismiss Mike Gatting in the 1993 Ashes series against England.
He then went on to enjoy a remarkable 15-year career, claiming 708 Test wickets in 145 matches, the second-highest haul in history.
Not only did Warne contribute so much to the sporting world, but his charismatic and joyful personality made him an adored figure.
Following his death, Australia offered Warne's family the chance to commemorate him with a state funeral - a public event held to honour people of national significance.
Australian MP Daniel Andrews, the Premier of Victoria, took to social media on Sunday to confirm that Warne's family agreed to the offer.
"I've spoken with the Warne family again today and they have accepted my offer of a State Funeral to remember Shane," Andrews posted on Twitter.
"It will be an opportunity for Victorians to pay tribute to his contribution to his sport, to our state and the country. Details will be finalised in the coming days."
Warne's manager James Erskine added that his family are in "complete shock" following the news, with his son Jackson describing it "like a bad dream".