According to City, the 32-year-old striker, will also be honoured with a statue at the Etihad Stadium.
His statue will be built alongside Vincent Kompany and David Silva, who left the club in 2019 and 2020 respectively.
Aguero signed from Atletico Madrid in 2011, and has scored 257 goals in 384 appearances for the club.
Aguero has helped City win three more Premier League titles, one FA Cup and five League Cups.
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