Liverpool have announced plans rename the Centenary Stand in honour of Kenny Dalglish.
Club owners Fenway Sports Group took the decision in recognition of the contribution that Dalglish made as both a player and manager at Anfield.
The 66-year-old served the Reds in two coaching spells, a first between 1985 and 1991, and more recently for a season-and-a-half between 2011 and 2012.
An official renaming ceremony will take place at a later date this year and are set to coincide with the club’s commemorations of its 125th anniversary.
Although he was released by the Americans five years ago, Dalglish returned to Liverpool to serve as a non-executive director on the club’s board.
He won a total of eight league titles, three European Cups, two FA Cups, five League Cups and a UEFA Super Cup across 15 combined years of service.
But it was his role in leading the club through the aftermath of the 1989 Hillsborough disaster which remains arguably his greatest contribution.
John W Henry, FSG’s principal owner, said: “It is testament to Liverpool’s history and status that we are not lacking in truly great individuals, whose names could easily grace a stand at Anfield.
“But in Kenny Dalglish we have a person who carries such immense significance to the fabric of this club, so it feels somewhat incumbent on us to recognise this in a manner that is befitting to the man.
“He is unique, not just to Liverpool, but to the game in England as a whole, having achieved greatness as a player and then enjoyed such success as a manager.
“His record and trophies won on both fronts speak for themselves.
“However, Kenny’s contribution to Liverpool goes beyond goals scored, points amassed and silverware placed in the cabinet. His values are Liverpool’s values – he represents what is best about this football club.
“The leadership and solace he gave to individuals, the club and city as it tried to come to terms with the trauma and tragedy of Hillsborough transcended sporting achievement.
“His name is synonymous with our club, with our home and the city of Liverpool. Now it will be as visible as it is palpable.”
“We recognise this won’t sit comfortably with Kenny’s default position of humility and self-deprecation,” added Liverpool chairman Tom Werner.
“But as we approach the club’s 125th anniversary year, now is the right time in the club’s illustrious history to leave this legacy.
“He and his family should know the privilege and honour is all ours – his name means so much to so many and its prominence at Anfield will enrich an already prestigious sporting cathedral.
“For decades he has served the club and the city, with the steadfast attitude that the collective always comes ahead of the individual.
“This announcement isn’t about singling him out – it’s about recognising that his name embodies values we all strive to honour and his name represents all that we are proud of when identifying ourselves as Liverpool Football Club.”