The coach of European and world champions Spain has tipped the Italy & Juventus midfielder to pick up the award in January, but added that competition for the honour is intense
The Azzurri fell to a 4-0 loss to Spain in the European Cup final this summer, but the 33-year-old remains widely-regarded as one of the best in his position after some stellar performances at the tournament.
Del Bosque has now voiced his admiration of the former AC Milan man, but added that he hopes one of his own compatriots picks up the award - on which he places 'little' value.
"Pirlo, could win [the Ballon d'Or]. He is among the candidates," the 61-year old told reporters.
"He is a complete player, able to build the game and finish it.
"Even though I think very little about this award, I hope it goes to a Spaniard. [Andres] Iniesta? He's not the only one.
"The competition is strong, with [Cristiano] Ronaldo, [Lionel] Messi and [Radamel] Falcao..."
Pirlo will be able to further stake his claim for the award when Juventus take on fellow table-toppers Napoli on Saturday.