Taylor, 57, faces former electrician Rob Cross, 27, at the Ally Pally in the biggest match in history.
But as Taylor bows out, PDC chairman Barry Hearn has revealed that no-one else will ever be allowed to have his name or music – The 1990 No 1 The Power by Snap!
Hearn said: “Phil Taylor is a legend of the game and we should respect that legend.
“There will never be another Phil Taylor and that goes with walk on music and his nickname.
“If another player came to me and said they want to call themselves ‘The Power’ I would say ‘No!’.
“There is only one Power and we acknowledge what an amazing effect he has had on the world of darts.”
Tickets have been on sale at £3,500 on the black market for what will be a truly incredible experience at the Ally Pally this evening as Taylor looks for one last hurrah.
Taylor beat Jamie Lewis 6-1 in Saturday night’s semi-final before Cross knocked out World No 1 and defending champion Michael Van Gerwen 6-5 in a sudden-death shoot-out in an extraordinary match.
Taylor, who won his first world title in 1990, said: “If Barry’s retiring my walk-on music, he must have lost the plot. I’ve finally done his head in.
“He doesn’t want me to retire, but I’ve no regrets. It’s the right time, this is it.”
Cross said: “I will come out and want to win. Phil is my favourite player. He was dominant and now he is leaving. It is going to be special for him and at the same time I have to my own job to do.”
The match is expected to be watched in 132 countries.