There are also awards for goalkeeper, defender, midfielder and forward of the year.
The list of nominees, from which the overall winner will be selected, is:
UEFA club goalkeeper of the year: Manuel Almunia (Arsenal), Petr Cech (Chelsea), Manuel Neuer (FC Schalke 04), Jose Reina (Liverpool), Edwin van der Sar (Manchester United).
UEFA club defender of the year: Jamie Carragher (Liverpool), Rio Ferdinand (Manchester United), Carles Puyol (Barcelona), John Terry (Chelsea), Nemanja Vidic (Manchester United).
UEFA club midfielder of the year: Michael Essien (Chelsea), Cesc Fabregas (Arsenal), Steven Gerrard (Liverpool), Frank Lampard (Chelsea), Paul Scholes (Manchester United).
UEFA club forward of the year: Didier Drogba (Chelsea), Lionel Messi (Barcelona), Cristiano Ronaldo (Manchester United), Wayne Rooney (Manchester United), Fernando Torres (Liverpool).