The receiver is one of five players and two builders who will be inducted at a ceremony in Winnipeg in November.
"I always tell people that's the one thing I miss about football," he said Tuesday at the old Bomber stadium where the team will be playing one final season. "The high that I would get from those fans and seeing my jersey and everything, No. 85 up in the stands, so I'm really looking forward to that. I don't know how excited I'll be. I might even shed a tear."
The other players are former Saskatchewan offensive lineman and placekicker Jack Abendschan, quarterback Damon Allen, running back Eric Lapointe and the late linebacker Tyrone Jones.
Allen played for six different CFL teams and retired in 2008 as professional football's all-time leading passer, although he since lost the title to Anthony Calvillo.
Jones died in 2008 and also played some of his best years with the Bombers, including two Grey Cup wins in 1984 and 1990.
Lapointe was a star running back with the Mount Allison Mounties of the CIAU from 1995-98 who went on to play for the Montreal Alouettes
The builders are B.C. Lions owner David Braley and former University of Calgary coach Peter Connellan.
Stegall holds a long list of CFL records from a career that ran from 1995 to 2008.
He said he's glad his mother will finally get a chance to wear her fur coat in Winnipeg when she comes for the ceremony, and he has been to the Hall of Fame and will go again when his bust arrives.
"It needs some upgrades," he said, earning a laugh. "But no, one time when we were out we had an eastern swing, we were in Hamilton for an extra three or four days, myself and Harold Nash went in there. It's nice seeing the busts there, so when my bust gets in there, anytime I'm in Toronto I'll definitely make a ride out there, I'm excited about that."