The sold out event will orgainised by the Supporters Club is being held at the Coal Exchange in Cardiff Bay.
As well as the award for player of the year there are trophy's given in categories such as young player of the year and most improved player.
The main awards are by the Supporters Club with trophies also presented on behalf of the Rams, the 1927 club, the newly formed Bluebirds Downunder and the internet mailing list in conjunction with this website.
News of the winners will be available on Sunday.