The green and gold talisman beat off competition from the likes of fellow forwards Mario Balotelli, Edinson Cavani and Wayne Rooney to make it into the prestigious rundown
The Socceroos star came in at No.50, ahead of a host of heavyweights talents overlooked in this year's countdown.
Frank Ribery, Daniel Sturridge, Andres Iniesta, Karim Benzema and Wayne Rooney are just some of the superstar players omitted in 2014.
And while Cahill is hugely popular in Australia, this is no mere local popularity contest.
More than 600 Goal journalists from our 35 editions around the world vote to select their top 50 players, giving a truly global view.
Votes are cast regionally and nationally - every territory is guaranteed to be thoroughly scouted - and our network of experts and analysts ensure nobody, regardless of club, country, age or position, misses out on the chance to make the list.
Players are judged on their level of consistency over the past season, their big-game performances, footballing legacy and the success of their team at both club and international level.
A key player for club and country, Cahill's performances for New York Red Bulls in Major League Soccer saw him recognised recently by heavyweight broadcaster ESPN.
And the veteran's spectacular volley against the Netherlands at the World Cup is certain to go down as one of the great goals in the tournament's history.
HAVE YOUR SAY
Make your voice heard ahead of the announcement. Get involved via our Goal 50 section this month, give us all your views on the debate by commenting below, and by getting in touch on Facebook or Twitter using the hashtag #Goal50.