"The Cannonball Kid", who played for Everton, Liverpool and Tranmere Rovers between the late 1940s and 1960s, will be made a Citizen of Honour next week.
Liverpool council will bestow the award for Hickson's contribution to the city's sporting scene and his charity work, which saw him raise thousands of pounds for breast cancer support group The Lily Centre.
Six other individuals and organisations which have improved people's lives in the city will be honoured at Liverpool town hall next Wednesday.
Dr David France, who amassed one of the largest collections of Everton memorabilia in the world, will also be made a Citizen of Honour.
(Dave Hickson in action)
He established the club's Former Players Foundation, which has raised more than £100,000 for the care of former Blues players, and his Everton archive will soon take pride of place in the city's revamped Central Library.
Dr France has also written 15 books about Everton and donated all proceeds to city charities.