The Belgian stopper has turned things around this season after a poor spell of form.
The Belgian said of the award, as quoted by the official Liverpool website:
"Sometimes it can be a lonely place being a 'keeper but at this club there are always a lot of people supporting you.
"The coaching staff and my teammates have always been behind me and that makes it a lot easier.
"I want to thank the supporters for always being behind me. I will keep their support in my head going forward.
"I'd like to thank the committee of legends for voting for me. No one would have thought this earlier in the season and neither would I.
"What I've learned this season going forward is that when you get criticism and praise you need to deal with it the same way."
It has certainly not been a straight-forward campaign for Mignolet. The stopper had to endure plenty of speculation over his future after some unconvincing performances between the sticks. He was then dropped for Australian Brad Jones. However, when the number two got injured, Mignolet was called back into action and has been in great form ever since.
His form has seen him keep the joint highest amount of clean sheets in the Premier League along with the likes of Fraser Forster, Lukasz Fabianski and Joe Hart - and there is now no doubting his obvious quality as a keeper.
Mignolet will now be hoping for a more consistent performance next season. The Belgian has been criticised for not dominating his box and for not instilling confidence in his defenders but they certainly seem to be more composed about having Mignolet behind them then they did back in 2014.
Here's hoping Mignolet can keep up the improvement.