This bronze statue, originally sculpted by Charles Rumsey, was removed from its prominent location over 20 years ago following public outcry regarding Pizarro's legacy. The statue had been relocated to a less visible area after criticisms and concerns regarding its representation of colonial history. Recently restored, the statue is said to have been damaged during its time in obscurity, with constant train traffic causing cracks to develop.

The reinstallation ceremony was attended by Lima's mayor, Rafael López Aliaga, and Isabel Díaz Ayuso, the president of the Community of Madrid, who emphasized the event as a commemoration of a pivotal historical encounter. The return of Pizarro's statue, however, has ignited protests, with demonstrators labeling its reinstatement an affront to the indigenous communities. Activists argue that celebrating Pizarro symbolizes a painful colonial past and discredits the perspectives of those who suffered from the Spanish conquests.

As Lima grapples with its colonial history and the perspectives of its indigenous population, the reinstallation of Pizarro's statue highlights deep societal divides regarding memory, history, and identity in modern Peru.

The statue’s return is more than just a cultural artifact; it reflects the ongoing dialogue about how nations remember and interpret their histories.