The nominees for the award were announced at the start of September, and the winner will be determined by the performances of each individual player over the period of August 1, 2023 to July 31, 2024.
Lionel Messi and Cristiano Ronaldo have famously dominated the Ballon d'Or, with the former picking up the award on eight previous occasions, while the latter has won it five times.
Neither have been nominated for this year's award, though, and it will be fascinating to see which player triumphs when the results are revealed.
Here, Sports Mole rounds up everything that you need to know about Ballon d'Or 2024, including the date and time, nominees and favourites.
Ballon d'Or 2024 date and time
The ceremony will take place on October 28, 2024 in Paris, France, with the start time set for 7pm (UK).
Ballon d'Or 2024 nominees
Jude Bellingham (England, Real Madrid)
Hakan Calhanoglu (Turkey, Inter Milan)
Dani Carvajal (Spain, Real Madrid)
Ruben Dias (Portugal, Manchester City)
Artem Dovbyk (Ukraine, Dnipro-1 / Girona / Roma)
Phil Foden (England, Manchester City)
Alejandro Grimaldo (Spain, Bayer Leverkusen)
Erling Haaland (Norway, Manchester City)
Mats Hummels (Germany, Borussia Dortmund)
Harry Kane (England, Bayern Munich)
Toni Kroos (Germany, Real Madrid)
Ademola Lookman (Nigeria, Atalanta BC)
Emiliano Martinez (Argentina, Aston Villa)
Lautaro Martinez (Argentina, Inter Milan )
Kylian Mbappe (France, Paris Saint-Germain / Real Madrid)
Martin Odegaard (Norway, Arsenal)
Dani Olmo (Spain, RB Leipzig / Barcelona)
Cole Palmer (England, Manchester City / Chelsea)
Declan Rice (England, Arsenal)
Rodri (Spain, Manchester City)
Antonio Rudiger (Germany, Real Madrid)
Bukayo Saka (England, Arsenal)
William Saliba (France, Arsenal)
Federico Valverde (Uruguay, Real Madrid)
Vinicius Junior (Brazil, Real Madrid)
Vitinha (Portugal, Paris Saint-Germain)
Nico Williams (Spain, Athletic Bilbao)
Florian Wirtz (Germany, Bayer Leverkusen)
Granit Xhaka (Switzerland, Bayer Leverkusen)
Lamine Yamal (Spain, Barcelona)
Ballon d'Or 2024 favourites
There are two clear favourites for the award, with Vinicius Junior just ahead of Rodri, while Jude Bellingham, Dani Carvajal and Lamine Yamal are potential outsiders.
Vinicius was in sensational form for Real Madrid during the 2023-24 campaign, scoring 24 goals and registering 11 assists in 39 appearances in all competitions, helping Los Blancos to win a La Liga and Champions League double.
Rodri, meanwhile, enjoyed an outstanding 2023-24 season for Man City, scoring nine goals and registering 14 assists in 50 appearances in all competitions, and he then helped Spain win Euro 2024.
The midfielder had to be substituted at the interval of the final against England through injury, but he was instrumental to La Roja triumphing in Germany, and he is Vinicius' only serious challenger.
Rodri enjoyed the greater international success over the summer, with Vinicius' Brazil only reaching the quarter-finals of the Copa America, but his club form last season could see him land the trophy for the first time.
Bellingham enjoyed a stunning 2023-24 season for Real Madrid, scoring 23 goals and registering 13 assists in 42 appearances, but his difficulties for England at Euro 2024 will likely count against him.