The Frenchman has been a star for West Ham this season.
The 29-year-old Frenchman has lit up English football following his £11 million summer move from Marseille, netting 12 goals in all competitions and setting up another 10 to emerge as a huge fan favourite among the Irons' supporters this season.
But, given his relatively inexpensive price-tag, Sutton admits that he did not expect the playmaker to scale such lofty heights, though admits he is happy to be wrong after describing Payet - who has netted some truly world-class free kicks for the Hammers - as a "breath of fresh air".
With Leicester City leading the Premier League title race, the likes of Riyad Mahrez and Jamie Vardy are almost certain to be nominated, but Sutton made it perfectly clear which player had his vote.
"There are strong arguments for Vardy or Mahrez to be player of the year but, for me, Dimitri Payet has had the 'wow' factor," he said to BBC. "Payet cost West Ham just under £11m when he joined from Marseille in the summer. That is just run-of-the-mill money these days so I did not pay much attention to the signing at the time, but he has been a breath of fresh air.
"Watching the way West Ham play with Payet in the team is a bit like being back at school. He is their best player so they give him the ball and say 'make something happen' - and he does.
"He has got that unbelievable eye for a pass, on top of his free-kick ability, and he is one of those players who is a reason why fans buy tickets or turn on the TV. If I could watch him play every week I would. In fact, I would watch him train every day if I could - he has been that good."
Victory over Arsenal this afternoon would see the Irons move level on points with fourth-placed Manchester City in the race for Champions League qualification, and with Payet coming up with the goods virtually all season long, few would back against him hurting the Gunners today.