Puskás was recognized as the greatest top division scorer of the 20th century by the IFFHS.

The Népstadion in Budapest was renamed the Puskás Ferenc Stadion in his honor.

Puskás was declared the best Hungarian player of the last 50 years by the Hungarian Football Federation in the UEFA Jubilee Awards.

FIFA introduced the FIFA Puskás Award, awarded to the player who has scored the 'most beautiful goal' over the past year.