The work is made from bronze
One of modern Ireland's most controversial public works - nicknamed the Floozy in the Jacuzzi - is set to be relocated.
The Anna Livia sculpture was named after a character from James Joyce's famed novel Finnegan's Wake.
The statue represented the spirit of the River Liffey which flows through Dublin.
Its original home was in the capital's O'Connell Street.
However, it had been repeatedly vandalised since it was installed in 2001.
It was later replaced by a 120-metre stainless-steel spike which was meant to commemorate the millennium but was only completed in 2003.
Dubliners dubbed the towering spike "the Stiletto in the Ghetto" and have also nicknamed a bronze sculpture of the city's famous Molly Malone near Trinity College at the "Tart with the Cart".
The bronze Anna Livia figure, which reclines in a granite fountain, will be re-erected at a site further down the Liffey known as Croppy's Acre.
A spokesman for Dublin City Council said no date had been set.