Arsene Wenger and Sir Alex Fergusonare the first inductees of the year into the Premier League Hall of Fame.
The legendary Arsenal and Manchester United managers have become the first coaches to be honoured with prestigious award.
Wenger said: We always wanted to give something special to the fans and when you have players capable of remarkable things, the most important thing for me is the obligation of perfection.
"I'd like to be known as someone who loved Arsenal, who respected the values of the club and left it in a position where it can grow and become even bigger. To share this with Sir Alex is a great honour for me.
It's like two boxers, you fight like mad and go the distance together. At the end of the day, you have respect and it will be a great opportunity to meet with him, share a good bottle of wine and memories of our old battles."
Sir Alex added: "Arsene is a very worthy inductee as he transformed Arsenal fantastically. They became a tough team to compete with and we both wanted to win, which motivated us further. Through the years since retirement, we'd go for dinner together in a little restaurant he knows well in Switzerland. He is a really interesting man and I enjoy his company, but it is still my job to pick the wine!"
Congratulating the iconic Gunners' boss, current Arsenal manager Mikel Arteta said: "I had a dream to play for this club, and that was because of the way Arsenal played under Arsene. It was so attractive, I think every player wanted to play here! I had a phenomenal time with him, and I learnt a lot.
"That pushed me at the end of my career to become a coach, so he had a big influence on me. We had a conversation and I asked him what he would do in my position because I had doubts about whether to continue [playing] or start my journey as a coach. He helped me at the club and at the academy to do my badges, and he was an inspiration and always supportive. I think he inspired every player and every member of staff that has worked with him."