Placed in The Wax Museum in Madrid, the figure stands alongside figures of her parents, King Felipe VI and Queen Letizia.
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The figure of the young princess is wearing a silver dress similar to the pale pink one Leonor wore to her father's coronation in June. King Felipe VI and Queen Letizia's figures have also been updated to show them wearing their coronation outfits.
After Felipe became King, Leonor, aged eight, became the Princess of Asturias, denoting her status as heiress to her crown. She lived up to her royal heritage, solemnly shaking hands with dozens of dignitaries and waving prettily at the exuberant crowds.
With the eyes of the world trained on their country Princess Leonor and her sister Princess Sofia of Spain couldn't have been better behaved.
On a recent family trip to Majorca, Leonor surprised onlookers when she asked, "Where is Marivent?" referring to the royal family's palace in Majorca as she scanned a map of the island.
Leonor and Sofia were taught about the natural landscape of Tramuntana, which was named an area of great physical and cultural significance in 2011, and learnt about the different types of rock formations.
They were also shown a map of the zone affected by a fire that broke out last summer, and after the tour, Felipe and Letizia set an example to their daughters by greeting local volunteers who had helped in the reforestation of the area.