The 100-strong list of youngsters are competing for the Golden Boy award, which is a prize presented to the best Under-21 player based in Europe.
Previous winners of the Golden Boy award include Wayne Rooney, Lionel Messi, Sergio Aguero, Mario Balotelli, Paul Pogba, Raheem Sterling, Kylian Mbappe and Erling Haaland.
The global launch of the 2023 award took place in Milan on Tuesday, with 33 different countries represented.
Established by Italian outlet Tuttosport in 2003, the trophy is based on a jury of journalists, with the shortlist gradually whittled down before revealing the victor. Barcelona’s Gavi is the current holder.
There are 12 Premier League players named in this year’s shortlist, including Alejandro Garnacho from Manchester United, Harvey Elliott and Stefan Bajcetic from Liverpool, Evan Ferguson, Facundo Buonanotte and Julio Enciso from Brighton, Wilfried Gnonto from Leeds United, Lewis Hall and Carney Chukwuemeka from Chelsea, and Máximo Perrone from Manchester City.
The last Premier League star to win the award was Raheem Sterling in 2014 for Liverpool.
Anthony Martial won it in 2015 but he spent much of that year with AS Monaco before joining Man United in September.