The Ibrox midfielder was praised for his performance against the USA as Belgium beat the hosts 4-1 in the round of 16.
Raskin also made a significant impact, coming on as a substitute when Belgium were losing 2-0 to Senegal, fueling their comeback to win the match after extra time.
This earned him a place on the revelation team selected by the respected French publication L’Equipe.
They said: “Of the strong decisions Belgium coach Rudi Garcia has made since becoming Red Devils manager, the decision to introduce Nico Raskin in midfield is one of the smartest.”
“His World Cup is a reflection of his performances since his debut for the national team and demonstrates all his qualities in midfield.”
Raskin recorded two assists during the tournament.
Other notable players on L’Equipe’s list include in-demand striker Yann Diomande, who is reportedly worth €100 million, and new Bayern striker Ismael Saibary.