The England international scored seven goals and set up nine more in all competitions for the Gunners last term before playing a key role in England's run to the Euro 2020 final.
The Kopa Trophy is presented to the best player of the year aged 21 or under, and Saka - who turned 20 two months ago - has finished in a respectable sixth place.
Kopa Trophy top 10:
1. Pedri (Barcelona)
2. Jude Bellingham (Dortmund)
3. Jamal Musiala (Bayern)
4. Nuno Mendes (PSG)
5. Mason Greenwood (Man United)
6. Bukayo Saka (Arsenal)
7. Florian Wirtz (Bayer Leverkusen)
8. Ryan Gravenberch (Ajax)
9. Giovanni Reyna (Dortmund) & Jeremy Doku (Rennes) body check tags ::