Zlatan Ibrahimovic's statue outside Malmo's stadium was set on fire on Wednesday in an apparent reaction to the former LA Galaxy striker becoming a part-owner of rivals Hammarby.

Ibrahimovic, who sources have told ESPN FC could yet play for Hammarby, began his career at Malmo and was honoured with a statue in October.

Video on social media showed the statue being torched on Wednesday evening in Sweden, while a racist message had reportedly been spray-painted next to it.

Earlier on Wednesday the monument was also vandalised with a toilet seat and a sheet to cover the former Sweden international's head, while supporters of Malmo began an online petition to have the statue removed.

Malmo fans are angry not just that Ibrahimovic wants to make another club better than his boyhood team, but that he also said he didn't think Malmo supporters would be disappointed by his choice.

"A betrayal became a betrayal and a provocation," Kaveh Hosseinpour, vice chairman of Malmo's official supporters' group, told The Associated Press. "So he basically stuck a knife in our backs, and then he came along with a sword and chopped off our heads."

Hosseinpour blasted Ibrahimovic for thinking he was "above criticism, that he is above Malmo FF and our feelings just because he is Zlatan.

"The statue is completely worthless now, just a piece of junk," Hosseinpour said. "The best way to solve that was if it was removed and put somewhere in Stockholm or something.

"Every game we go to, we are going to pass Zlatan knowing that there is a statue of an investor in Hammarby, not the statue of the football player Zlatan Ibrahimovic anymore."

The former Manchester United, Juventus, Barcelona and Paris Saint-Germain player is a free agent after leaving the Galaxy this month.

During his time in MLS he scored 52 goals and assisted 17 more in 53 starts for the Galaxy and arguably became the marquee player of the league, winning MLS Newcomer of the Year in 2018 and twice being selected for the MLS Best XI.

Ibrahimovic earned $7.2 million this past season, according to the MLS players salary database. He made $1.5 million in 2018.

Information from The Associated Press was used in this report.