The Gunners' skipper has been on form this season scoring 26 league goals so far to fire his side to third in the Premier League above rivals, Tottenham.
The Manchester United striker revealed who he has selected for the awards via his Twitter feed: "Player of the season so far? I went for Robin Van Persie. Stand out winner in my opinion.’’
He also revealed his pick for Team of the Year and Young Player of the Year, announcing a number of clubs that he believes have performed well this year.
''Great result yet again from Newcastle today. Team of the year? There are a few candidates but they are my pick so far.
"Newcastle, Swansea, Norwich, Spurs in that order would be my top 4 teams of the season so far.
"Young player of the Year? Tough one to call. Need to be age 23 or under. I went for Tim Krul.’’
Owen revealed his best starting XI of the campaign, which included no Manchester United players as he cannot vote for them under the rules of the awards. But he did select three Manchester City players.
Michael Owen's PFA Team of the Year: Joe Hart; Kyle Walker, Fabricio Coloccini, Vincent Kompany, Leighton Baines; David Silva, Cheikh Tiote, Scott Parker, Gareth Bale; Robin van Persie, Demba Ba.