Three men have been nominated for the Barclays Manager of the Month award for December.
Their vote will then be combined with those of a panel of football experts to decide the winner, who will be announced later this week.
The German is seeking a fourth Barclays award of the season. His Liverpool team won all five of their Premier League matches to extend their lead at the top of the table, most notably triumphing 4-0 at second-placed Leicester City, while also winning the FIFA Club World Cup.
After being appointed in early December, Pearson oversaw Watford's first home win of the season in his first match in charge at Vicarage Road, beating Manchester United. He has since taken the Hornets off the bottom with a 1-1 draw at Sheffield United and a 3-0 victory over Aston Villa.