The award of the Everton Giant for 2006 was made by Kevin Ratcliffe to former teammate Peter Reid.
Ratcliffe, himself an incumbant of the list of Everton Giants, said of the midfield hard-man who won the PFA Player of the Year award in 1985: "He was a winner, a leader and a dream to play alongside. He made everything look easy, he kept it simple and he made sure other players could play."
Reid was touched by the accolade and he dedicated it to his father, who died earlier this year.
He said: "To have been able to play for this club is fantastic. To be described as a legend is beyond my wildest dreams.
"I lost my dad earlier this year. He, like me, was born a red but converted to an Evertonian.
"My mum was the one with the brains in the family because she has always been a Blue. This award will take pride of place at my mum's house and every time I look at it I will think of my old fella."