In his last match for PSG, Kylian Mbappe tore Lyon to shreds last Sunday with four goals in 13 minutes.
Time said Mbappe was a global superstar who "is the future of soccer."
France rallied from two goals down at home to earn a 2-2 draw with Iceland.
Kylian Mbappe scored four goals in the space of 13 second-half minutes as a 5-0 victory saw PSG set a new French top-flight record.
Kylian Mbappe will sit out PSG's next league outing and will be eligible to return for PSG's trip to Nice on September 29.
Despite late drama, victory was well deserved for Liverpool who dominated throughout and bounced back from blowing a 2-0 first-half lead.
Julian Draxler, Edinson Cavani, Angel di Maria and youngster Moussa Diaby all found the net at the Parc des Princes.
On their first appearance on home soil since the World Cup, Kylian Mbappe and Olivier Giroud scored as France beat the Netherlands 2-1.
Kylian Mbappe risks a lengthy ban after his red card, but he insisted he had no regrets.
This is the third edition of the Best FIFA awards following the end of a six-year merger between the FIFA honour and France Football's Ballon d'Or in 2016.
Liverpool's new midfielder Fabinho says his club can wrestle the Premier League title away from Manchester City while he tries to lure France star Kylian Mbappe to Anfield.
When football's rising star Kylian Mbappe scored France's fourth goal in their World Cup final against Croatia to become the youngest player since Pele to score in a final, fans sent more tweets than at any other point during the tournament.
According to L'Equipe, Mbappe will be donating all his earnings to a charity that provides sports activities to hospitalized and disabled children.
No date has yet been set for the ceremony to hand over France's highest award.
England captain Harry Kane won the Golden Boot award while Croatia captain Luka Modric walked away with the Golden Ball of the 2018 FIFA World Cup on Sunday.
A thrilling World Cup came to its conclusion as France beat Croatia in Sunday's final at a jam-packed Luzhniki Stadium in Moscow.
The 19-year-old Kylian Mbappe was handed the best young player of the tournament award after his mesmerising performances in Russia.
Four people briefly interrupted the World Cup final on Sunday when they ran onto the pitch at the Luzhniki Stadium in Moscow.