Although the award has not yet been confirmed by the Premier League, Hazard has been photographed with his prize.
The Belgian scored three times in October and registered one assist.
11 matches into the domestic season and Hazard has already scored more goals than he did in the entire 2015/16 Premier League campaign.
Also nominated for the October prize were Liverpool’s Philippe Coutinho, Stoke’s Joe Allen, Burnley’s Tom Heaton, Man City’s Ilkay Gundogan and Hazard’s Chelsea teammates Diego Costa and N’Golo Kante.
Hazard has carried his form into November, scoring two and assisting another in Chelsea’s 5-0 win over Everton.
Next up for Chelsea is a trip to the Riverside to face Middlesbrough on Sunday.
The Blues head into the weekend second in the table, one point behind leaders Liverpool.