An original lion's head corbel, saved from the former Palace of Industry when it was demolished last year, was unveiled on top of a plinth on Wembley Hill Road.
The plinth was unveiled as part of the 90th Anniversary of the British Empire Exhibition.
This was a project co-funded by Brent Council, the Wembley History Society, The Exhibition Study Group and Wembley Park.
The Leader of Brent Council, Councillor Muhammed Butt said:
"We're really excited to have this piece of local history carefully preserved and on display for everyone to enjoy. This area has a rich history and it's great to see the Lion find a permanent home in Brent."
Philip Grant from The Wembley History Society said:
"The British Empire Exhibition is an event that has brought people to Wembley from around the world 90 years ago 'to get to know one another better', and I hope that people in Wembley today from around the world, whether residents or visitors, will enjoy this piece of our heritage from the British Empire Exhibition, and will use the opportunity when they come to see it 'to get to know one another better."
Head of Masterplanning at Quintain, Julian Tollast said:
"The unveiling of the lion's head at Wembley Park is a great way for us to honour the heritage of Wembley Park. Quintain places great importance on Wembley Park's unique and rich history being a key part of what brings the community together, so celebrating events such as this is something we are very excited to be a part of."
If you would like to visit the Lion, it is situated on Wembley Hill Road in the green space opposite York House.