The 9ft bronze statue created by award-winning sculptor Philip Jackson will be unveiled 'in a prominent position' outside the stand named after Ferguson on Friday, November 23, at 2pm.
The Scot, who has won 24 major trophies in a quarter of a century, is the club's longest serving manager, the Daily Mail reports.
According to the paper, Ferguson, who is now 70 years old, has shown no signs of slowing down despite his advancing years and the increased competition, notably from rivals Manchester City.
The club will also be unveiling new artwork and installations in the Sir Alex Ferguson Stand concourses designed to illustrate the manager's achievements throughout his United career, the paper said. (ANI )