McGeady has been tracked by Newcastle for the last couple of months, with both Kevin Keegan and Terry McDermott travelling to Parkhead to watch the Celtic star.
The 22 year old Republic of Ireland international beat off stiff competition from team-mates Scott McDonald and Barry Robson and Rangers defender Carlos Cuellar to land the top awards.
McGeady has played a crucial part in Celtic's push for domestic and European honours so far this season with eight goals and countless assists for Gordon Strachan's side.
The winger came through the youth ranks at Celtic before breaking into the first team under former manager Martin O'Neill and has since become a first pick for Strachan.