Fellow Gunners ace Aaron Ramsey and Bournemouth boss Eddie Howe also received monthly awards for their top-flight endeavours.
Arsenal star, Pierre-Emerick Aubameyang has been named Premier League Player of the Month for October, becoming the first Gunners player to land such an award since Olivier Giroud in March 2015.
The Gabonese striker was on fire in front of goal, recording five strikes and one assist in just three league outings.
Aubameyang is in his first full season at Arsenal after arriving from Borussia Dortmund in January and the forward has played a key role in the club's strong start to the campaign.
He is currently the joint-top goalscorer in the league with seven efforts to his name alongside Chelsea star Eden Hazard and Manchester City talisman Sergio Aguero.
And Aubameyang also had a hand in another award as Arsenal team-mate Aaron Ramsey scooped the Goal of the Month gong.
Ramsey completed a fantastic team move from the north Londoners in their 5-1 destruction of strugglers Fulham on October 7.
And it was Aubameyang who assisted the Wales international for the goal which was a ninth successive win in all competitions for Arsenal at the time.
Unai Emery's men went on to record two more wins in a row to stretch the run to 11 before drawing 2-2 with Crystal Palace in the league.
Arsenal have registered one victory and two draws after the stalemate against Palace, meaning they are on a 15-match unbeaten run ahead of facing Wolves on Sunday.
Bournemouth manager Eddie Howe, meanwhile, was awarded the Manager of the Month award for October.
The Cherries boss guided his side to three wins from their four league games last month, drawing the other against Southampton.
Bournemouth have enjoyed a brilliant start to the season under Howe and currently sit sixth in the table, three points and one place behind Arsenal.
Howe's men travel to Newcastle in the league on Saturday.