The 42-year-old Indian, a two-time Asian Tour Order of Merit champion and a winner of six tournaments, was named alongside Korea's KJ Choi and YE Yang and Thai duo of Thongchai Jaidee and Thaworn Wiratchant as five players nominated for the prestigious award.
The winner will be revealed on April 22 at Asian Tour's Award Night in Jakarta.
Jeev is also one of the few Asian Tour graduates to have won on the European and Japan Golf Tour, and has played in each of the four Majors several times.
"I have great memories of my association with the Asian Tour, and it is hard to believe that it is 10 years since the Asian Tour was established.
More From This Section
"I want to thank the Asian Tour and all its very friendly officials, the fans, my fellow players, sponsors and the media for all these years of happiness. Obviously, I will continue to support the Asian Tour and will be playing as many events as my schedule permits."
"If I have to vote, I will give it to YE Yang. I know it is a tough decision to make when you have players like KJ, Thongchai and Thaworn, who have all been great players and great ambassadors for Asian Tour, but Yang, having won a Major championship, is still a league apart," said Jeev.
"To be honest, a professional golfer's career is always judged by how well he played in the Majors, or how many he has won. Of us five nominated players, only Yang can boast of achieving that," he added.