The likes of Marcus Rashford, Ruben Loftus-Cheek and Marko Grujic have all been shortlisted for the award – which aims to pick out the most outstanding youngster in the continent.
The winner is selected by a number of European newspapers, who are each allowed to nominate voting points to five players.
Some truly fantastic footballers won the award in the early days of their careers.
So who has clinched the prestigious prize in the past?
Click through the gallery above to find out.