The accolade is run by Italian outlet Tuttosport, with a plethora of journalists voting across the year for the best under-21 player among Europe's top-flight leagues.
Initially beginning with a 100-player list in the summer, two rounds of voting has seen it whittled down to 40.
Elanga is among the brightest prospects to make it beyond the initial voting and joins 39 other highly rated youngsters on the esteemed list.
The 20-year-old enjoyed somewhat of a breakout period during Ralf Rangnick's interim period last season, culminating in his memorable goal away to Atletico Madrid in the Champions League.