The former Manchester United boss has been given the freedom of the Borough and Water's Reach, situated close to Old Trafford, will be renamed 'Sir Alex Ferguson Way'.
The road is opposite Sir Matt Busby Way towards Salford Quays with the formalities taking place during a meeting of councillors on 14 October.
"I am delighted to accept this honour from Trafford Council," stated Sir Alex. "When I arrived at Old Trafford in 1986, I had little idea of the journey that awaited me.
"Over quarter of a century later, to receive the Freedom of the Borough of Trafford and to have a part of Trafford carrying my name is truly humbling."