The Indianapolis Colts announced plans to honor arguably the greatest player in franchise history Tuesday as former Tennessee quarterback Peyton Manning will have a statue dedicated to him outside of Lucas Oil Stadium next season. The ceremony will take place Saturday, Oct. 7 in Indianapolis.

After having his statue unveiled, Manning is set to have his No. 18 jersey retired by the Colts the following day as the team hosts the 49ers Sunday, Oct. 8. Any Tennessee fans eager to make the trip but worried about missing any action on Rocky Top this season need not be concerned, as the Vols bye week just so happens to fall on Oct. 7 next season.

Manning is the only five-time winner of the NFL MVP award. He was named to 10 All-Pro teams and 14 Pro Bowl teams.

“Peyton will always be a Colt,” said Colts Owner & CEO Jim Irsay on the team’s website. “This will be an event our city, state and Colts fans around the world can celebrate and be proud of.”

“I am humbled, and I am grateful to Jim and the Irsay family for this tremendous honor,” Manning added, also on the team’s website.

According to Matt Conti, assistant director of communications for the Colts, Manning will become the first player in the franchise’s history since moving to Indianapolis to have his jersey retired:

Manning spent the first 13 seasons of his NFL career in Indianapolis after being selected with the No. 1 overall pick in the 1998 NFL Draft. Manning led the Colts to two Super Bowl appearances, winning Super Bowl XLI. Manning finished his career in Denver, winning his final game in Super Bowl 50. At this time, Manning is the only quarterback in NFL history to lead two teams to a Super Bowl title.