Hello and welcome to our live coverage of the Best FIFA Football Awards from the Royal Festival Hall in London.
Pascal Ferre, the magazine's editor in chief, told The Associated Press women's soccer has grown so much in recent years it was a logical step to create the new award.
Luka Modric, Mohamed Salah and Cristiano Ronaldo are the last players standing and seeking to be crowned the best player in the world this year by Federation Internationale de Football Association at their ceremony in London later on Monday.
With no Cristiano in London, the bets are on Luka Modric having won the Champions League with Real Madrid and reached the World Cup final with Croatia, only to be beaten despite his spectacular performance. You can also watch live on fuboTV.
Earlier in the evening, Mohamed Salah's strike in last season's Merseyside derby against Everton at Anfield won the FIFA Puskas Award for the goal of the season.
Messi and Ronaldo were the only winners of world football's main individual award from FIFA in various guises since 2008, both winning five titles each.
The award victor will emerge from a vigorous process which had a voting process involving fans, national team coaches and captains and journalists from across the globe. He would maybe even be a Ballon d'Or victor.
Marta and Luka Modric were crowned Fifa's best women's and women's player.
She led Brazil to the Copa America in April, as they won all seven matches - although she only scored one of their 31 goals.
France's World Cup-winning coach Didier Deschamps is favourite to win the best coach award ahead of Dalic and former Real coach Zinedine Zidane, who stepped down in June after overseeing three Champions League triumphs in just two and a half years in charge.
The former Marseille, Juventus and Chelsea midfielder captained his country as they won the World Cup in 1998, before guiding them to victory again in Russian Federation in July.