The striker topped the poll with 52 per cent of the vote, with team-mate Steven Gerrard and Manchester City midfielder Yaya Toure finishing second and third, respectively.
|16/1||Luis Suarez is 16/1 with William Hill to be top scorer at the World Cup|
FWA chairman Andy Dunn said: "Those members who have been fortunate enough to be working at a match involving Luis Suarez have witnessed an astonishing talent first-hand.
"Tireless endeavour allied to extraordinary imagination makes an irresistible combination. Add ingenious, impudent finishing and you have a footballer who truly quickens the pulse."
"Luis is a remarkable gifted addition to the long and distinguished list of winners of our award."
The double award-winnning campaign marks a dramatic turnaround for the Uruguayan, who began the campaign by serving the remainder of a 10-game suspension for biting Chelsea's Branislav Ivanovic.
Previously the striker had also been involved in a race row involving Manchester United's Patrice Evra that also produced another lengthy ban.
Suarez can add to his goal return when Liverpool face Crystal Palace on Monday evening, with the club still in contention for a first ever Premier League title.