De Bruyne, who claimed the accolade for the first time in 2019-20, has been a standout performer for the Citizens who are bidding to clinch their fourth Premier League crown in five seasons.
The Belgium international is known for his exceptional playmaker abilities, but this term he has also had plenty of success in front of goal, scoring a career-high 15 Premier League goals and registering seven assists in 29 appearances.
Speaking to mancity.com on receiving the award, De Bruyne said: "To win this award for a second time is an achievement that I am really proud of.
"There is so much quality in the Premier League and it is a pleasure to be nominated with so many other great players who have had incredible seasons for their clubs.
"I think my performances this season have been good and I am happy that I have been able to contribute with goals and assists throughout the season.
"Thank you to all of the staff, coaches and especially my teammates because without them this wouldn't be possible."
De Bruyne wins the accolade after receiving the most combined votes from the public, a football experts panel and the captains of all 20 Premier League clubs.
City's number 17 managed to fend off competition from teammate Joao Cancelo as well as Trent Alexander-Arnold, Jarrod Bowen, Bukayo Saka, Mohamed Salah, Son Heung-min and James Ward-Prowse to win the award.
Both De Bruyne and Foden will now be focused on City's final league game of the season at home against Aston Villa on Sunday, and victory would see them retain the title. body check tags ::