Valderrama appeared on the cover of Nintendo 64 and Konami game International Superstar Soccer '98, as well as in the PlayStation conversion. In the N64 game, the player based on him is the only one whose name is not similar to the real-life counterpart; instead, he is called by his nickname, "El Pibe." He was also in the computer game "Backyard Soccer 2001".
In 2006 a 22-foot tall bronze statue of Valderrama was placed by the Eduardo Santos stadium in his hometown Santa Marta, created by Colombian artistvAmilkar Ariza.