The Wales international believes that the Swans boss deserves the top accolade after turning his side from 'Blackpool to Barcelona' in their first year in the Premier League
The Swans have been one of the surprise packages since their promotion to the Premier League, and comparisons were made with Barcelona for the way they tried to play.
With Rodgers' side currently positioned safely in 11th spot and having recorded strong performances all season against the league's top sides, the manager is being tipped for the prestigious award.
When asked whether the Irish boss deserved to be named Manager of the Year, Taylor told Sky Sports: "Yes, definitely.
He added "I don't think you have ever seen a team come and try to play the way we have done in the Premier League for years. People compared us to Blackpool at the start of the season and now they are comparing us to Barcelona.
"He is a brilliant man manager. People talk about how good Harry Redknapp is at getting the best out of players, and he (Rodgers) has done the same with our boys, and he has done it on a minimal budget.
"If you speak to any of the Chelsea boys who had him when he was there - people like John Terry - they speak really highly of him."
Rodgers has recently been linked with top jobs due to his success at Swansea and Taylor concedes it is only a matter of time before he is lured away from the Liberty Stadium.
"I think he is destined for a top-four job," the 23-year-old said following Swansea's 3-1 defeat at Tottenham on Sunday," he continued.
"Hopefully we can hold on to him but he has done really, really well. That's why he gets linked with clubs like [Tottenham]."
Swansea conceded two late goals in their match at White Hart Lane, but Taylor expressed his side's determination to avoid letting complacency take hold as the season comes to a close.
"The season will not peter out," he said. "We are not that type of squad. Last time we lost two games we went on and won the three after it, and that's what we will look to do again.
"On another day if things had gone our way we could have beaten Tottenham."