Charges of criminal conspiracy against the former president have been dismissed, the G1 news portal reported.
The case rapporteur had previously asked the court to imprison Collor for 33 years.
The court's decision does not stipulate that Collor would be immediately arrested, as the court's practice shows the serving of a sentence may be delayed until two appeals have been made, the report said.
Collor served as the president of Brazil from 1990-1992 and the senator for the Alagoas state from 2007 until February 1, 2023.