Sydney indigenous AFL champions Adam Goodes and Michael O’Loughlin will be honoured with a medal struck in their name.

The Goodes-O’Loughlin Medal will be awarded to the best-on-ground player in the Swans’ Marn Grook match in the Sir Doug Nicholls Round, which was formerly known as the indigenous round.

The Swans board made the decision in February, and the medal will be presented for the first time in the round 10 fixture against North Melbourne.

Forward O’Loughlin was the first Swan to play 300 games, and his long-standing teammate Goodes, a dual Brownlow Medallist, set a club record of 372 games before retiring at the end of the 2015 season.

“It’s a fitting tribute to two great champions,” Swans chairman Andrew Pridham said at a club dinner on Saturday evening before Sydney’s SCG game against Collingwood.

Goodes announced his retirement after the Swans were eliminated from the 2015 finals and will be presented to the SCG crowd before their round three game against GWS.

“This is a huge honour,” Goodes said on the Swans website.

“To have the medal coincide with Sir Doug Nicholls Round makes it even more special as it’s a round that has always been close to my heart.”

His great mate O’Loughlin played 303 games up to 2009 and is the club’s second-highest goalkicker.

“Who would have thought that after coming to the club back in 1995 that I would be privileged to play 300-odd games, win a premiership and then have a medal bear my name. It really doesn’t get much better,” O’Loughlin said on the Swans website.

“It’s an honour and a privilege, and to be able to share it with my best mate is just fantastic.”

Pridham said the Swans were thrilled to play all their home games this season at the SCG, and was bullish about the club’s off-field plans.

“We’re also very, very excited about our plans to build a $30 million-$40 million training and administration facility in the (Moore Park) precinct.

“I think it’s going to be a real focus when we do this, not just for the Sydney Swans but for the AFL.”