Haaland beat Barcelona teenager Ansu Fati (2nd) and Bayern Munich's Alphonso Davies (3rd) to the award, while Borussia Dortmund team-mate Jadon Sancho and Rennes prospect Eduardo Camavinga rounded off the top five.
Haaland joined Dortmund from FC Salzburg in January after a stunning start to the season in which he scored 28 goals in 22 matches.
That includes four goals in three Champions League matches.More news: Liverpool fans react as Pep Guardiola signs new deal at Man City
Atletico Madrid forward Joao Felix won the award a year ago.
The son of former Leeds United forward Alf-Inge Haaland has 11 goals in 11 competitive games for Borussia Dortmund so far this season. The 20-year-old Norwegian scored 14 times in eleven Champions League games for RB Salzburg and Schwarz-Gelb.
His form has seen him linked with a move away from the Signal Iduna Park but his father has come out to clarify that this is not the case and that his son remains focused on helping Dortmund achieve their goals.
Haaland father: When you play well, it makes sense for the big clubs to knock on the door.
"At the moment it's not in Erling's or my head that another club will be vying for him".More news: Immunity to coronavirus could last for months, if not years, scientists find
"We signed a long-term contract with Dortmund and the this is a fantastic team for Erling at the moment". We haven't talked about making such a step so far.
'You never know what will happen. I think he would like to win some titles with Dortmund. Erling can still achieve a lot in Germany and make great progress. "Leaving Germany is not a priority for us".
Haaland scored six goals in this season Bundesliga season for Dortmund.
Dortmund suffered a 3-2 defeat to Bayern in the Bundesliga before the global break and face a trip to Hertha Berlin when they return to action on Saturday.More news: Mercedes-Maybach S-Class unveiled as new luxury flagship