Hazard is on a 30-man shortlist for the prize alongside Cristiano Ronaldo, Lionel Messi and Mohamad Salah.
But Hazard doesn’t believe any of the trio will win the award this year.
Messi won La Liga with Barcelona last season while Ronaldo helped Real Madrid to their third successive Champions Leaguetrophy.
Real Madrid midfielder Luka Modric recently won the FIFA Best Award having also been a part of the Croatian squad that reached the 2018 World Cup final in Russia.
And Hazard is tipping the midfielder to win his first Ballon d’Or.
“I don’t think I’m going to win it,” Hazard said.
“In my opinion, Modric deserves it.
“There are three to four players. I could say [Madrid and France defender Raphael] Varane because he won a lot too.
“I could deserve it too, let’s not lie.
“But seriously, I think that Modric will win it.
“It is going to be a reward for his wonderful season in the Champions League and the final of the World Cup.”
Atletico Madrid star Antoine Griezmann and Kylian Mbappe are another contenders for the Ballon d’Or having helped France to glory.