The 66-year-old has been associated with the club since 1977, when he moved from Celtic. During his time as a player, and two separate occasions as manager, he won eight league titles, three European Cups, two FA Cups, five League Cups and one UEFA Super Cup.
Off the field he played a significant role in the aftermath of the 1989 Hillsborough disaster which claimed the lives of 96 fans and he and his family continue to provide support to the victims' relatives.
As a tribute Liverpool's owners have decided, in the club's 125th anniversary year, to bestow the naming honour on Dalglish, who with his wife set up the Marina Dalglish Appeal back in 2005 - a charity which aims to help those who have been diagnosed with cancer and their families on Merseyside.
Anfield already has lasting tributes to two of its great managers in the form of the (Bill) Shankly Gates and (Bob) Paisley Gates but this is the first time a stand in the ground has been named after any individual.
"It is testament to Liverpool's history and status that we are not lacking in truly great individuals, whose names could easily grace a stand at Anfield," said principal owner John W Henry.
"But in Kenny Dalglish we have a person who carries such immense significance to the fabric of this club, so it feels somewhat incumbent on us to recognise this in a manner that is befitting to the man.
Read the full article on eurosport.co.uk: Liverpool to honour Dalglish by renaming stand at Anfield