Foden netted either side of Mateo Kovacic's eye-catching goal as City blew Ipswich away with three first-half goals at Portman Road.
Sixth-placed City are languishing 12 points behind leaders Liverpool and Foden conceded they will have to focus on finishing in the top four rather than winning another title.
Aston Villa beat crisis-hit Manchester City 2-1 on Saturday to heap more misery on floundering manager Pep Guardiola, who has now suffered nine defeats in his past 12 matches.
Guardiola's side have lost eight of their past 11 games in all competitions following the devastating 2-1 defeat in the Manchester derby at the Etihad Stadium on Sunday.
Manchester City cruised to their first win in the Champions League this season with Erling Haaland among the goalscorers in a 4-0 thrashing of Slovan Bratislava that did little justice to the visitors' dominance.
Phil Foden said winning will never get boring after the England international's first-half double fired Manchester City to a 3-1 victory over West Ham and an unprecedented fourth-consecutive Premier League title.
Foden has scored 17 goals and grabbed eight assists in 34 league games this season playing centrally as well as on the wing when needed. He has 25 goals and 11 assists in all competitions.
Manchester City hit the top of the Premier League with one week of the season remaining as two goals by Josko Gvardiol and one each for Phil Foden and Julian Alvarez sealed a 4-0 demolition of Fulham on Saturday.
Foden won 42% of the vote, ahead of Declan Rice and Rodri.
Phil Foden is relishing "six more finals" after helping keep Manchester City in control of the Premier League title race by reaching the landmark of 50 top-flight goals.
Foden has 24 goals for City in all competitions this season.
Pep Guardiola's men are unbeaten in their last 30 home Champions League games, stretching back to 2018.
Phil Foden scored a stunning hat-track as Manchester City crushed Aston Villa 4-1 on Wednesday to keep their hopes of retaining the Premier League title very much alive.
The 23-year-old local boy struck a sublime left-foot shot into the roof of the net in the 56th minute and then beat Andre Onana with a precise finish after 80 minutes.
Pep Guardiola said Erling Haaland's response to an awful miss in the first half of Manchester City's 3-1 win over Manchester United on Sunday showed the mental strength of a sporting great.
Phil Foden scored twice as Manchester City came from behind to beat Manchester United 3-1 on Sunday and close to within one point of Premier League leaders Liverpool.
Gifted as he is Phil Foden has often been overshadowed by Manchester City's big hitters but the England forward is now a world-class performer in his own right, manager Pep Guardiola said after Saturday's win at Bournemouth.
With Liverpool in League Cup final action against Chelsea on Sunday, City took advantage to close the gap in their game in hand on Jurgen Klopp's side.
Pep Guardiola said Phil Foden is enjoying his best season at Manchester City after the England international's hat-trick beat Brentford 3-1 on Monday to leave the Premier League's top three separated by just two points.
