Ebert was diagnosed with acute myeloid leukemia, a form of cancer, in December last year.
"Russell Ebert was an extraordinary footballer and his record attests to that as the only person in SANFL history with four Magarey Medals, coupled with multiple premierships and nearly 400 senior games just for his beloved Magpies, alongside his brilliant state career and a season with North Melbourne in the VFL," AFL chief executive Gillon McLachlan said.