The former Inter and Zaragoza star won the title with the Avellaneda team back in 2001, before moving to Europe and 13 years later repeating the feat on his return to Racing – their first title since Milito's first crown.
Fans have not forgotten the striker as he winds down the last six months of his career before a planned retirement this June, and now want to immortalise Milito in the streets surrounding Estadio Juan Domingo Peron.
A change.org petition proposes a name change of Italia street, which runs parallel to the Racing stadium for three blocks up to the home of arch-rivals Independiente, to Diego Milito, and in a short time it has already attracted 1000 signatures from supporters of the initiative.
According to the organisers, the goal is to "promote the recognition of a players who came from the club youth ranks, who enjoyed a brilliant international career and will soon retire from professional football".
"The next step is to coordinate actions with Avellaneda city authorities to apply the proper legal framework and let the community know of the initiative," their statement continues.
There is some precedent for the project in Avellaneda, with Racing legend Oreste Corbatta baosting a street named after him close to the ground, as does Independiente idol and 1986 World Cup winner Ricardo Bochini.
"At first I laughed, it seemed a bit strong for me," Milito explained on hearing the idea.
"These things leave me speechless, it even seems like madness. But I am very grateful for the affection fans give me and it is hard to explain what I feel today."