The Foo Fighters frontman will have the 900lb (408kg) artwork dedicated to him during a ceremony in Warren, Ohio on Saturday (July 7). Grohl was born in Warren, moving to Alexandria, Virginia during his early childhood.
Grohl rose to international fame as Nirvana's drummer and has stepped behind the kit as a session musician for acts including Queens of the Stone Age, Tenacious D, Nine Inch Nails and Killing Joke.
Local policeman Joe O'Grady, who is also a spokesman for Main Street Warren, told the Youngstown Vindicator that the unveiling is due to take place between 7.30pm and 8pm at the Warren Amphitheatre.
The sculpture - made from two large poplar logs - will be relocated on Dave Grohl Alley in the town in September.
It is not yet known if Grohl will be present at this weekend's unveiling.
Plans to name a bridge after Grohl's Nirvana bandmate Kurt Cobain were dropped when local councillors in Aberdeen, Washington voted against the move.
However, a small patch of land near the bridge was renamed "Cobain Landing" in the late musician's honour.
Watch Foo Fighters' music video for 'The Pretender' below: