The unveiling will be held at the Park End Stand and conducted by Everton chairman Bill Kenwright and Margaret Aspinall, chair of the Hillsborough Family Support Group.
Aspinall, whose son James was killed in the Sheffield tragedy on April 15, 1989, said: “This is a really lovely gesture from Everton, paying tribute to the 96 who lost their lives at Hillsborough.
“I would like to thank Bill and everyone involved, not least the Everton fans who have provided great support to the families over the years.”
Everton fan Stephen Kelly’s brother Michael was among those killed 26 years ago and, together with other Blues supporters, suggested the installation of the permanent tribute.
He added on the club’s official website: “As an Evertonian who lost my brother at Hillsborough, I have always been grateful of the support from the blue side of the city.
“I hope that when Evertonians look at this they will feel proud of the way we’ve supported our neighbours.”