WAYNE Carey and Anthony Stevens have finally buried the hatchet, 14 years after the affair that shocked the AFL.

The pair met for 15 minutes on Thursday to break the tension, which had lingered since Carey admitted to having an affair with his teammate's wife in 2002.

The meeting was set up by board member and former teammate Glenn Archer at Stevens' request, with the feud between the two having also made the 10-year premiership reunion in 2009 awkward, according to reports.

"It's all positive and that's the great thing," Carey told Melbourne radio station Triple M.

"Stevo said openly on Open Mike a little while ago that he thought I hadn't properly apologised, so that's where it started.

"It was a heartfelt apology, that's where it started."

Stevens will be honoured with club legend status at the 20-year reunion of the 1996 premiership-winning team at the MCG on Friday night.

And while Carey will not be in attendance due to commentary duties, he will be at an informal team gathering on Saturday night.

Carey said the pair could now be amicable at events.

"What will happen now is we'll be able to all be in a room together and be in a conversation altogether and be able to laugh and smile and enjoy the company and the special people that helped create one of the most special days in our lives."