Australian MotoGP star Jack Miller will be immortalised at Phillip Island with a corner at the famed racing circuit named in his honour.

Miller joins Australian motor cycling royalty in Mick Doohan, Casey Stoner and Wayne Gardner being permanently remembered at the Victorian track.

Turn four at the island circuit has been renamed Miller Corner ahead of Sunday's grand prix, the first MotoGP race in Australia since 2019.

Fans have called it Miller since the Townsville product burst onto the MotoGP scene in 2015, but it became official on Saturday.

"It's an immense honour. The scale of it hasn't really sunk in yet," Miller said during the unveiling.

"This is amazing, something that I couldn't have even dreamed of as a kid, to have a corner on this magical race track in my name, yeah more than words.

"It's an unreal part of the track and so many historical moments have happened here, so I feel so fortunate to be able to claim this one."

Stoner, who won six-straight Australian GPs between 2007 and 2012, has turn three named in his honour.