Bolton made the announcement on their official website.
Fans of the Championship club are expected to cast their votes for the February award which is open to all members of the first team.
Ameobi opened the month by scoring Bolton’s only goal in a 1-0 win against Bristol City.
The former Newcastle United star made six league appearances for the Trotters in the month under review.
He won the Player of the Month award in January 2018 and also in October 2017.