The striker has scored 21 times for Newcastle this season and is one of three players shortlisted for the award; Leeds frontman Chris Wood and Brighton and Hove Albion's Anthony Knockaert are also in the frame.
Gayle is the Magpies' leading goalscorer and Rafa Benitez's side are currently top of the table.
The annual EFL awards will honour players, managers and supporters, as well as highlighting some of the work being undertaken by clubs and trusts in communities up and down the country. Judged by panels of leading experts from the football and media industry, they will take place in London on Sunday, 9th April.
EFL Chief Executive Shaun Harvey said: "It's been an exciting and action-packed 12 months for the EFL both on and off the pitch. There have been some incredible individual and team performances across the three divisions, entertaining the millions of fans who follow the EFL week in, week out.
"Off the pitch our clubs continue to have a positive and lasting impact in their local communities, using the power of football to deliver life-changing programmes and activities.
"The EFL Awards are a fantastic way to recognise the achievements of clubs, players, backroom staff and fans and I would like to personally congratulate everyone who has been nominated and wish them all the best on the night itself."
The full EFL Awards shortlist is:
Sky Bet Championship Player of the SeasonChris Wood – Leeds UnitedDwight Gayle – Newcastle UnitedAnthony Knockaert – Brighton & Hove Albion
Sky Bet League One Player of the SeasonBilly Sharp – Sheffield UnitedJosh Morris – Scunthorpe UnitedJohn Fleck – Sheffield United
Sky Bet League Two Player of the SeasonJohn Marquis – Doncaster RoversJames Coppinger – Doncaster RoversDanny Hylton – Luton Town
EFL Young Player of the SeasonJohn Swift – ReadingRyan Ledson – Oxford UnitedOllie Watkins – Exeter City
Football Manager Team of the SeasonTo be revealed on the night
Sir Tom Finney and Contribution to League Football AwardsTo be announced on the night
PFA Player in the CommunityLiam Rosenior – Brighton & Hove AlbionAndy Butler – Doncaster RoversChristian Burgess – Portsmouth
EFL Supporter of the YearPav Samra – Derby CountyZoe Edge – ChesterfieldPaul Mayfield – Doncaster Rovers
Nickelodeon Family Club of the Year – ChampionshipBlackburn Rovers Brighton & Hove AlbionNickelodeon Family Club of the Year – League OneMillwall MK Dons
Nickelodeon Family Club of the Year – League TwoCarlisle UnitedStevenage
Checkatrade Community Club of the YearNorth West – Wigan AthleticNorth East & Yorkshire – Rotherham UnitedMidlands – Burton AlbionLondon – FulhamSouth East – Brighton & Hove AlbionSouth West & Wales – Portsmouth
LFE Apprentice of the Year – ChampionshipBen Brereton – Nottingham ForestLloyd Kelly – Bristol CityGeorge Hirst – Sheffield Wednesday
LFE Apprentice of the Year – League OneLewis Butroid – Scunthorpe UnitedMatthew Gillam – RochdaleCallum Cockerill-Mollett – Walsall
LFE Apprentice of the Year – League TwoMyles Judd – Leyton OrientAlex Fletcher – Plymouth ArgyleLeon Davies – Cambridge United
Mitre Goal of the YearAdam Hammill (Barnsley) v MillwallDarren Bent (Derby County) v WolvesWes Hoolahan (Norwich City) v Rotherham UnitedLee Tomlin (Bristol City) v Huddersfield TownFabio da Silva (Cardiff City) v MiddlesbroughSteve Sidwell (Brighton & Hove Albion) v Bristol CityRicky Holmes (Northampton Town) v Leyton OrientNathan Thomas (Hartlepool United) v Grimsby TownMichael Doyle (Portsmouth) v Accrington StanleyStephen O'Donnell (Luton Town) v Yeovil Town
For more details on the EFL Awards, visit www.eflawards2017.co.uk.
