A man has died in hospital in Canberra following a collision with a ute while riding his bike in Goulburn last week.

Emergency services were called to the collision on Thursday afternoon after the cyclists and vehicle collided at a Mundy Street roundabout at about 4pm.

The 40-year-old cyclists was treated at the scene and taken to Canberra hospital in a serious condition where he died on Saturday.

The driver of the ute was uninjured during the incident.

Police have now established a crime scene for forensic examination with a report to be prepared for the Coroner.