The Uruguayan is the hot favourite to collect the prize due to his return of 30 goals in as many games in the Reds' unlikely Premier League title challenge.
Ramsey himself is on the shortlist for the Young Player of the Year award, and the 23-year-old is delighted to have been recognised for a season in which he has scored eight times despite a four-month injury layoff.
"I have been really satisfied, one of the main things from the season before was to be a lot more composed in front of goal and I think I have managed to do that and put a lot more chances into the back of the net," he told reporters.
"It is nice to hear other people have noticed, I voted for Sturridge for young player or Hazard? One of those two. The main award I voted for Suarez, he has been unbelievable this season."