The Liverpool forward registered 13 goals and five assists in 27 Premier League appearances during his debut campaign at Anfield.
Mane's season was ended prematurely by a knee injury sustained during the 3-1 victory over Everton on April 1, but his impressive performances throughout the majority of 2016-17 have earned recognition from his peers.
Meanwhile, Liverpool Ladies midfielder Caroline Weir has been included in the PFA WSL Team of the Year.
PFA members from 100 clubs (from the Premier League, Football League and WSL) cast their votes to decide the teams, with the Premier League and WSL sides as follows:
Premier League: David de Gea (Manchester United); Kyle Walker (Tottenham Hotspur), David Luiz, Gary Cahill (both Chelsea), Danny Rose (Tottenham); N'Golo Kante (Chelsea), Dele Alli (Tottenham), Eden Hazard (Chelsea), Sadio Mane (Liverpool); Harry Kane (Tottenham), Romelu Lukaku (Everton).
WSL: Mary Earps (Reading FC Women); Lucy Bronze, Jenny Beattie, Steph Houghton (all Manchester City Women), Jess Carter (Birmingham City Ladies); Karen Carney (Chelsea Ladies), Jill Scott (Manchester City Women), Jordan Nobbs (Arsenal Ladies), Caroline Weir (Liverpool Ladies); Jane Ross (Manchester City Women), Eniola Aluko (Chelsea Ladies).