Juventus midfielder Paul Pogba has scooped the 2013 Golden Boy award.
The 20-year-old has been a hit since moving to Italy from Manchester United last summer, and is expected to be a key part of France's team at the World Cup in Brazil next summer.
Pogba beat off competition from Chelsea forward Romelu Lukaku, who was announced as the runner-up, with Schalke starlet Julian Draxler coming home in third.
The award for the best young player aged under 21 in Europe is voted for by an international panel of sports journalists for Italian newspaper Tuttosport, and has been handed to the likes of Lionel Messi, Wayne Rooney and Mari Balotelli in the past.
News of Pogba's victory will come as a further blow for Manchester United who splashed out £27.5 million on a new midfielder in Marouane Fellaini over the summer.
The 20-year-old left Old Trafford under a cloud after refusing to sign a contract extension, claiming that he wasn't being given an opportunity to show what he could do.
Since leaving Manchester United on a free transfer in 2012 having played just three Premier League games, Pogba has established himself in the Juventus side and has made 41 Serie A appearances across two seasons, scoring nine times.
Lukaku, who joined Chelsea from Anderlecht in 2011, is currently on loan away from Stamford Bridge with Everton, and has eight goals in nine Premier League appearances this term.
Draxler - said to be a summer transfer target for Arsenal - is considered one of the best young prospects in Europe.
The Gunners are said to be weighing up a big-money move to land the 20-year-old, who recently hinted he would be open to a move to north London.
“I have always said English teams are very big clubs and Arsenal is of course one of them," he said.
“Of course I sometimes speak to Mesut or Per about the team, about the club, and they always have good words and they tell me nice things. You never know what happens in the summer but Arsenal is a very, very nice team.”
Last year's winner was Isco, who went on to secure a move to Real Madrid from Malaga over the summer.