Premier League: Pundits discuss race for the top six
The Premier League was formed in 1992 and it will now have its own Hall of Fame. The accolade will represent the highest individual honour awarded to players by the Premier League.
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The league has announced that former stars will be given the first honour.
And fans have flooded to social media to guess who those inductees will be.
One wrote on Twitter: “With the Premier League announcing they are creating a new Hall Of Fame, my money is firmly on Shearer and Giggs to be the first two inductees.”
Another commented: “I'd keep the first two #PLHallOfFame inductees simple: Alan Shearer - most PL goals, Gareth Barry - most PL appearances.”
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Premier League Hall of Fame: Will Ryan Giggs be inducted? (Image: GETTY)
To be eligible, players must be retired, and only a player's Premier League career is considered in their candidacy.
Each inductee will receive a personalised medallion, engraved with the year of their induction.
Premier League chief executive Richard Masters said: “A place in the Premier League Hall of Fame is reserved for the very best.
“It will be an occasion for our fans around the world to look back over the years and help us celebrate some truly exceptional playing careers.”