The 19-year-old beat off competition from second-placed Gareth Bale, who won the Player of the Year award, while Javier Hernandez finished in third spot.
Rising to prominence as the season progressed, Wilshere made inroads into Fabio Capello’s plans and made his full debut in England’s 2-1 friendly victory over Denmark before making a competitive bow for the Three Lions in the 2-0 Euro 2012 qualifying victory over Wales.
|Jack Wilshere (Arsenal)
Season apps: 38
"It is my first full season and it is a massive award, especially from my fellow players," Wilshere said after having been presented with the award.
"It is amazing. I am very proud to be the fifth recipient from Arsenal, it is good to keep this history going.
"Arsenal is a good club for bringing youngsters through and they keep proving it so I would like to thank the manager as well.
"I am a bit surprised. I always knew I could do but still it was a surprise how early it came.
"I am delighted just to be in the team to win an award, so I have to keep it up now and hopefully we can win something this year."
Wilshere also took to Twitter following the event and moved to thank his teammates for their contribution to his fantastic season.
He said: "Just want to thank everyone that voted for me,I am delighted with this award,like to thank my AFC team mates aswell.
Without them I wouldn't have won! Also want to thank my family! Always been there for me! Also want to thank you tweeps for all your kind messages and support! Especially the AFC fans you have been great to me!"