The defender made four appearances in the division, assisting twice and scoring a dramatic late winner against Aston Villa at Anfield.
He faces competition from Stuart Dallas (Leeds United), Mason Greenwood (Manchester United), Kelechi Iheanacho (Leicester City), Jesse Lingard (West Ham United), Matheus Pereira (West Bromwich Albion), Allan Saint-Maximin (Newcastle United) and Chris Wood (Burnley) for the accolade.
Fans can vote for Alexander-Arnold to win the award here. Voting will remain open until 6pm BST on Monday May 10.