Foden has emerged as one of the brightest young talents in English football since graduating to the senior squad at Etihad Stadium in 2017.
The 20-year-old has scored 21 goals in his first 93 outings for City, with his latest effort coming in a 3-1 win over Chelsea at Stamford Bridge.
Goater thinks the City playmaker can stake a claim for the biggest individual prize in football if he continues on his current trajectory.
“I think he can really go all the way. I can see him standing on the podium and being on the shortlist for the Ballon d’Or.
“I know that’s a huge thing to say about someone still so young, but he has this quality about him, and what I like about him is the energy he brings, the constant goal threat he brings – whether that’s scoring or assisting – and as a midfielder these are great qualities.
“He can play anywhere and he will play anywhere. I can really see his future as being one of the best in the world, he’s phenomenal for someone so young and I genuinely think in four or five years he could challenge for the Ballon d’Or, he’s got that much potential.”
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