Demi Mitchell won last year's award, pipping Kieran O'Hara and Ethan Hamilton to the prize, and the left-back's successor will be either Tahith Chong, James Garner or Angel Gomes.
Netherlands Under-21 international Chong is the reigning Jimmy Murphy Young Player of the Year, while Gomes lifted that trophy in 2016/17.
You can vote for your Under-23 Player of the Year now in our official app.
Voting will close at 23:59 BST on Wednesday 8 May.
TAHITH CHONG - 17 APPEARANCES, 6 GOALS*
The winger was effective on both flanks and his early-season form earned him a maiden call-up to the first-team bench for the Champions League home match against Juventus in October.