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Ferguson is the most successful manager in the league, while Wenger was in charge of the Gunners for 22 years.
Former Premier League managers Sir Alex Ferguson and Arsene Wenger have been inducted into the Premier League Hall of Fame.
The two tacticians won a combined 16 league titles and established famed rivalries in England.
Ferguson, Manchester United’s legendary manager, whose all-time league record stands at 528 wins from 810 matches, was named manager of the season 11 times.
"I'm truly delighted to be inducted into the Premier League Hall of Fame," Ferguson, who collected the monthly awards 27 times," Ferguson said.
"It's an honour when you receive recognition like this. However, it's not just about me as a person. It's about the job at Manchester United and the bond we had over many years, so I'm also proud for the club, the staff, and my players.
"My job was to send the fans home happy. United's history and my own expectations were the things that drove me, and I then had to try and develop all my players with the same expectations and make sure we could go out and achieve them."
The British manager is the most successful tactician in the Premier League history, with a record 13 titles. He also won the title for three seasons in a row on two different occasions.
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On the other hand, Wenger was at Arsenal for 22 seasons and won three league titles.
The French manager made history in 2003/04 when Arsenal became the only team to win the title with an unbeaten record throughout the entire campaign.
"I am very grateful to have been selected for the Premier League Hall of Fame," 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 to perfection.
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"I'd like to be known as someone who loved Arsenal, respected the values of the club, and left it in a position where it can grow and become even bigger."
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