The 37-year-old will have a permanent mould of his feet put on Monte Carlo’s ‘champions promenade’, which includes some of the biggest names in footballing history such as Diego Maradona, Zinedine Zidane and Alfredo Di Stefano.
Giggs paid tribute to Sir Alex Ferguson after being presented with the award, and also failed to rule out retirement at the end of the season.
“He's [Ferguson] hard but fair. He demands a lot from his players as he does from himself," said Giggs at the ceremony.
"He is the best manager and it's great to have had him there throughout my career.
“It's a great honour to win such an award and to have my footprints alongside some of the greatest football players is a real privilege.