Ighalo is rewarded for his fine form with Al Hilal where he notched up 19 goals during the just concluded football term.
The Saudi League body made the Best XI of the 2022/23 season known on Wednesday, which saw the former Super Eagles marksman as the only striker on the list.
The Nigerian attacker was also included in the best eleven of the league last season after scoring 24 times to help Hilal win the domestic title.
The 33 years old has already parted ways with Al Hilal after his contract with the Blues Waves expired.
His next destination is unknown, though, reports have emerged that teams in Saudi are queuing up for his signature.