The awards, which are run by the city's Rotary clubs and backed by stars including Beverley Knight, Jay Blades and Conor Coady, recognise the efforts of people who have gone that extra mile to help others in their communities.
Previous winners include Lucy Palin, who founded her own charity dedicated to women's health issues; Parwiz Karimi, who set up an organisation to help bridge the gap between communities from the UK and Afghanistan; and care leavers champion Gareth Rafferty,
Nominees must be between the ages of 13 and 25 and live, work or learn in Wolverhampton.
An awards ceremony is scheduled to take place later this year where the winners will each receive £100, as well as £100 for their chosen charity.
Wolves legend and Chairman of the Former players Association, John Richards, said: "There are many young people who deserve recognition because they have made a difference to the lives of others in their community, school, youth or voluntary group.
"But their good citizenship can only be recognised if they are nominated."
The awards ceremony will be hosted by the Mayor of Wolverhampton in the Civic Centre.
Anyone can make a nomination, including schools, businesses, youth centres and individuals. The closing date is May 31. Visit wolverhamptonyoungcitizen.org.uk to make a nomination.