Burnley's Nathan Collins, Leandro Trossard, Thiago Alcantara, Kevin De Bruyne, Bruno Guimaraes, Gabriel Jesus, Cristiano Ronaldo and Son Heung-Min have all been shortlisted.
Thiago played five games for title-chasing Liverpool and run the show from midfield with some eye-catching passing accuracy.
Collins featured six times during the month and scored his first two Premier League goals against Everton and Southampton, while helping the Clarets keep two clean sheets.
De Bruyne scored two goals and provided three assists in four appearances for leaders Manchester City.
Guimaraes played an instrumental role in Newcastle United's climb up the table, scoring three times and providing one assist from six appearances.
Trossard scored vital goals in Brighton's wins against Tottenham Hotspurs and Arsenal, ending the month with three goals in five games.
Son found the back of the net four times and provided one assist in four appearances for Tottenham Hotspurs.
Jesus hit a purple patch in April, scoring four times against Watford and ending the month with six goals and one assist from five appearances.
Ronaldo scored five goals during the month, including a hattrick against Norwich City and one goal each against Arsenal and Brentford.
Tottenham striker Harry Kane won player of the month for March.
Thomas Frank, Pep Guardiola, Jurgen Klopp and Mike Jackson will compete for manager of the month award.