The 29-year-old has also been included in the FIFA FIFPRO Women’s World XI for the third time in the last four years - a line-up which is chosen and compiled by her fellow professionals.
Bronze saw off competition for the main accolade meanwhile from former Lyon teammate Wendie Renard and Chelsea striker Pernille Harder, with this the latest addition in a long line of personal awards for the defender.
The year of 2020 has seen the seasoned full-back win the UEFA Women’s Champions League for a third successive time with Olympique Lyonnais, completing a treble winning 2019/20 campaign that also saw her lift the Division 1 Feminine and Coupe de France.
And following her return to Manchester City, she was victorious in the Women’s FA Cup Final against Everton at Wembley Stadium in November.
These personal honours meanwhile are in addition to her being named as BBC Women’s Footballer of the Year back in March.
Speaking about both awards, Bronze said: "What a surprise - even be nominated alongside the two other players, they are both incredible players and outstanding human beings as well.
"I don't think I have the words right now to explain how I am feeling. If there is anything 2020 has taught us, it is to appreciate every moment you have, never look too far ahead and live in the here and now.
"I will appreciate winning this award now more than ever and I will remember this moment for the rest of my life."
Ferran Soriano, Chief Executive Officer of Manchester City, said: “This is totally deserved for Lucy and the latest in a long list of personal awards over the course of her career so far.
“She is an incredible talent and global recognition like this is testament to the world-class player that she has become.
“Bringing her back to the Club in the summer was a huge signal of intent for both ourselves and Lucy in terms of how we both view the future of our women’s team.
“Everybody at Manchester City is extremely proud of her individual successes at The Best FIFA Awards 2020 and hope that they are the first of many for her in a City shirt.”
Gavin Makel – Managing Director of Manchester City Women - echoed those sentiments, adding: “Everyone at Manchester City Football Club sends huge congratulations to Lucy on what is an amazing achievement.
“She thoroughly deserves this award, having proven time and again that she is up there with the world’s elite.
“We couldn’t be more delighted for her in what is special recognition of her abilities, professionalism and drive to succeed at the highest level.”
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