Plans have been presented at the Proact Stadium this week showcasing ideas for the artwork that will stand on the site of the club's former Saltergate home.
Derbyshire artist Melanie Jackson was chosen as the designer of the artwork, and she presented three ideas for the project, which is due to be finished and installed by the end of November.
Jackson, who was also the designer behind the gateway sculpture on Horn's Brdge, explained how the opportunity came about.
She said: "I was approached by Chesterfield Borough Council along with 17 other artists and asked if I wanted to be involved in the project.
"I said I was interested and I got short-listed down to eight people, then to three, then was interviewed and I got it."
With the artwork sure to be especially emotive for Chesterfield fans, Jackson explained how she had found inspiration in creating the designs.
She said: "I thought that this had to be something that represented the supporters. it couldn't come from me, I had to gauge people's opinions as to what would be appropriate.
"I did a lot of consultation with the fans, the Trust and the Supporters' Club, people got behind it and they told me what would represent Saltergate.
"The themes that came through from the consultation was that the feelings of the supporters and the fans were the main theme.
"Also the ground, which was quite iconic with the roof line and the floodlights which could be seen from quite far away."
Peter Whiteley from Chesterfield Community Trust pointed out how important Saltergate remains for Spireites supporters, even after its demolition.
He said: "It's the people that went there. We know that players come and go and sometimes directors do too, but you've always got that fan base.
"It's important to know that at one point there would have been 30,000 people from the town stood on there looking at their football team.
"It's the fans that really count and without the fans there is no football club."