The forward has been rewarded for his performances, primarily for the Under-23s, although he did make a couple of outings for Neil Ryan's Under-18s. He joins an illustrious list of names of previous holders, which includes Ryan Giggs, Paul Scholes and, more recently, Marcus Rashford and Mason Greenwood.
Shola only turned 17 in February but was top scorer in Neil Wood's Premier League 2 side with 10 goals.
The Academy product has already made his Premier League debut, in the game against his hometown club Newcastle United at Old Trafford in February, and also appeared in the Europa League clash with Real Sociedad.