Clarke joins former teammates Shane Warne, Glenn McGrath and Ricky Ponting on the list of Australian Honorary Life Members.
The 35-year-old retired from all forms of cricket after last summer’s Ashes, but has since made a comeback with the Kowloon Cantons in the Hong Kong T20 Blitz.
He played 115 Test matches for Australia, amassing 8,643 runs at an average of 49.10. He also made 7,981 runs across 245 One Day Internationals at an average of 44.58.
He also captained Australia to an Ashes whitewash in 2013-14 and a World Cup triumph in 2015.
John Stephenson, MCC Head of Cricket, said: “Michael was a fantastic servant to Australian cricket and has a brilliant record in Test match and ODI cricket. He joins a long and illustrious list of Australian Honorary Life Members and is very deserving of his among them.”
Clarke added: “This is a fantastic honour and I am delighted to become an MCC Honorary Life Member. MCC is the most prestigious cricket club in the world and to be invited to become a Member is a great privilege.
“Lord’s has always been a very special place to play cricket, and I’ve got some great memories of playing there so I’m really looking forward to coming back as a Member of MCC.”
Honorary Life Membership is awarded by the MCC Committee to individuals in recognition of the service they have given to the cricket and projects surrounding the game, often over a very long period.
There are now more than 300 Honorary Life Members of MCC out of a total Full Membership of 18,000.