Rangers' selection comes as a result of Aribo's outstanding performance in their 4-2 win against Ross County at the weekend.
The 25-year-old scored his first league goal in the 15th minute, putting the SPFL champions ahead 1-0.
Aribo is on the right side of the three-man forward in the Team of the Week's 3-4-3 formation.
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“Though County made it a difficult match in the end, Rangers were back looking something closer to themselves in the Scottish Premiership on Sunday, thumping Ross County 4-2 in Dingwall,” the SPFL stated of Aribo's performance.
“Aribo got them off to a fast start, and his midfield-attack link-up was crucial to Rangers' success.”
Rangers beat Celtic to the title after the Super Eagles player scored seven goals in 31 league games.