The 38-year-old was chosen by a panel of football experts and received his prize at a special ceremony to celebrate the 20th anniversary of the Premier League in London on Tuesday.
"I've known Sir Alex since I was 13 and he's been the biggest influence on my career"
- Ryan Giggs
Giggs, who is the only man to have played and scored in all 20 Premier League seasons, beat off competition from nine other nominees to win the award.
He made his Manchester United debut in 1991 before the Premier League had started, and he reflected on the start of his career upon receiving his prestigious award as well as paying tribute to Sir Alex Ferguson, manager