Following recent celebrations in Glenbuck, East Ayrshire, to mark the centenary of his birth, an enamelled flag mounted on a steel frame with a seat attached will celebrate in images and words Bill Shankly's life and achievements at Liverpool Football Club.
It will have pride of place in the East Ayrshire village of Muirkirk.
"It's excellent, I'm really delighted with it. I was very impressed with how it was presented," said Barbara Alexander, Shankly's niece, who grew up in Glenbuck and was invited by East Ayrshire Council to be part of the team involved in choosing the memorial design.
"Bill is not forgotten here. People still come up to me and say: 'Your uncle Wullie was a wonderful man.'
"How many people will be remembered on their 100th birthday? Football managers like Jock Stein and Matt Busby, who were brought up in the same environment as Bill, will always be remembered, Alex Ferguson too, but who else?"
The proposal, by Dumfries and Galloway-based artist John Crosby, was selected from eight entries and will feature an image of Shankly, surrounded by a tile mosaic of smaller pictures and paintings by children at Muirkirk Primary School.
It was inspired by the traditional trade union banners and flags once flown on the famous Kop terrace at Liverpool's Anfield stadium.
The memorial will sit in a prominent position a few miles from the site of Glenbuck, the former mining village where Shankly grew up and first played football.
Former Rangers and Crystal Palace player Roger Hynd, the son of Shankly's sister Jean, said he was pleased with the chosen memorial scheme.
"The memorial is helpful for the self-esteem and the ethos of Muirkirk," he said.
He added: "Could they not make it part of an area, with the war memorial, for example, a general memorial area? That would be attractive and bring in visitors."
Work on the project will be a collaboration between artist John and glass craftsman Sid Barlow.
The pair were students at the same time and have worked on a number of projects together over the years.
The artwork will be bold and colourful, according to John. He said he wanted to use vitreous enamel for its longevity, and because it is resistant to ultra violet light, meaning the colours won't fade.
IT will be a memorial to the area's famous son; an ambassador for Muirkirk, hero of Liverpool Football Club, national icon and common man," said John.
"Set against that background are real people; the crowd, those to whom Shankly said, 'I'd like to be recognised for trying to give them entertainment'.
"As the local school pupils might be part of that crowd, the project focuses on the creation of self-portraits of the participants, possibly in combination with photographs of footballing relatives in their former years."
As part of his research, John is keen to take a group of children from Muirkirk Primary School to see a football match at Carlisle United, where Bill Shankly was first signed.
John has previously been involved in other art installation with East Ayrshire Council, including intricately detailed seating at Howard Park and Kay Park in Kilmarnock for the Homecoming celebration in 2009.
The Yorkshireman has a degree in ceramics and worked in cabinet-making before focusing on installation art pieces.
He has been based in Dumfries and Galloway for the past 35 years.
Councillor Douglas Reid, leader of East Ayrshire Council, said: "It is only fitting we should pay tribute to one of the area's most famous sons in this the centenary of Bill Shankly's birth.
"The new work will mark the significance of his life's work, and will pay tribute to 100 years of Shankly - his past, what he means to us now and his legacy."
The council hope to unveil the memorial on September 2 next year, 101 years after Bill Shankly was born.