Following the incredible 5-3 victory over Manchester United on Sunday 21 September, the experienced and highly distinguished panel - comprising LMA Chairman Howard Wilkinson, Sir Alex Ferguson, Joe Royle, Dave Bassett and Barry Fry - chose the Foxes, as they became the first team in Premier League history to beat the Red Devils after going 2-0 down.
Leicester City manager Nigel Pearson will receive a new specially commissioned trophy made by world renowned silversmiths and LMA Partner, Thomas Lyte of London, in a presentation to commemorate the award.
Leicester won the award after a fine second half come back to secure a stunning victory.
A brace from Leonardo Ulloa and strikes by David Nugent, Esteban Cambiasso and Jamie Vardy earned the hosts victory where they had trailed 3-1 in the second half.
Speaking after the match, Pearson was delighted with the result: "It's massive. Obviously, it's not been an easy journey to come here, and now we are at the top, but it's all about staying here now."