His son Aiyawatt made the announcement in a souvenir programme for Saturday's Premier League game with Burnley.
Supporters braved the pouring rain as they made their way through the streets towards the ground for the first home match since the tragedy holding Leicester flags and wearing club shirts, some with "Vichai" on the back.
Some of the other non-floral tributes laid by fans will be used to create a pitchside display for Saturday's match and will be incorporated in the stadium redevelopment plans, the club said, which were announced by Srivaddhanaprabha on his 60th birthday earlier this year.
Leicester's players will wear tribute t-shirts for their warm-up and the first half of the game will see the hosts sport jerseys with Srivaddhanaprabha's name proudly displayed.
The team, now 10th in the Premier League, returned to action last weekend, beating Cardiff 1-0 away, but on Saturday a capacity home crowd will have a chance to show their appreciation for the man who transformed their club.
Manager Claude Puel's pre-match preparations for the game against Burnley were disrupted after he and a number of players, including Jamie Vardy and Kasper Schmeichel, travelled to Thailand to pay respects to the late Vichai Srivaddhanaprabha.
They will switch shirts for the second half to jerseys which will feature an embroidered poppy in honour of Remembrance Sunday. "I saw it all happen".
"The Srivaddhanaprabha family and everyone at Leicester City Football Club have been deeply moved by the remarkable volume of generous and thoughtful tributes left at King Power Stadium", read a statement on the club's official website.
The LCFC Foxes Foundation, which has raised nearly £2M for local charities since its formation in 2011/12, has been renamed in honour of Khun Vichai, whose generosity saw him make over £4M in personal donations to local hospitals, universities and charities in recent years.
Puel has admitted getting the players ready for the game against struggling Burnley had been tough.
"We know our fans, they are fantastic. there were 3,000 of them at our last game in Cardiff, it was a fantastic reunion with the fans", Puel said.