The legislators in Rio de Janeiro previously decided that the name change would take place.
But after widespread criticism from supporters, that decision is now being reversed.
Many have been critical of renaming the landmark after a player who has never lived in the state.
Pelé already has a statue outside Maracana.
ARCHIVE: The entire report with Pia Sundhage from Brazil (September 6, 2020)
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The entire report with Pia Sundhage from Brazil