Judd joins league greats Ron Barassi, Leigh Matthews, Ted Whitten and Tony Lockett in being honoured with the title.
The dual Brownlow Medal winner was recognised as a Hall of Fame member on Thursday for his decorated career with the Eagles and Blues.
He would captain both the Eagles and Blues, as well as winning six All-Australian selections, two AFLPA MVP Awards and five best and fairest gongs.
"Chris Judd is a highy regarded player both on and off the field, his induction into the Sport Australia Hall of Fame is a magnficent achievement," AFL general manager Andrew Dillon said in a league statement.
"Inductees feature some of our nation's biggest sporting champions, so it is wonderful to see an AFL Player added to the prestigious list.
"Well done to Chris Judd and his family as they celebrate this milestone, which adds another achievement to his outstanding career."
Formula One great Mark Webber, rugby league icon Brad Fittler, golfer Karrie Webb, netballer Cath Cox, softball Olympian Tanya Harding, ten pin bowling great Cara Honeychurch, basketballer Adrian Hurley and Paralympian Sir George Bedbrook were also honoured.