Iwobi's nomination was confirmed on Arsenal's website on Sunday among other players like Alexis Sanchez, Mesut Ozil, Theo Walcott and Alex- Oxlade Chamberlain.
Alex Iwobi was one of Arsenal's outstanding players in December scoring two goals.
He scored Arsenal's fourth goal in their 4-1 away win against Basel on matchday 6 of thhe Uefa Champions league. Four days later, Iwobi was on target again for Arsenal who beat Stoke city 3-1 in the premier league at the Emirates stadium.
On Friday, Iwobi was voted as 2016 CAF Youth player of the year at the CAF awards in Abuja.