Ronaldinho and his brother, Roberto Assis, were jailed in March after entering the country with fake passports.
The pair were then moved to house arrest in a Paraguayan hotel in April after serving 32 days in prison.
Ronaldinho, a key part of Brazil's 2002 World Cup-winning squad, and his brother were released from house arrest on Monday.
While Ronaldinho will have to pay a $90,000 fine, his brother was fined $110,000, while travel conditions were imposed on both.
Ronaldinho also won the Ballon d'Or in 2005.