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.
Fielding a strong side, City suffered a setback when they lost defender Manuel Akanji to injury early in the first half, but Foden's superb finishing and De Bruyne's comeback gave coach Pep Guardiola plenty to be happy about.
Phil Foden and Erling Haaland struck inside the first 15 minutes as City extended their perfect start in the Premier League to six games
City moved two points behind league-leaders Arsenal, who host Bournemouth later in the day
Guardiola saluted the impact of England forward Foden, who is starting to recapture his peak form after an inconsistent season
Foden has struggled with an ankle injury he sustained while playing for England at the World Cup in Qatar
Guardiola's current squad is valued at 1.05 billion euros ($1.12 billion) by website transfermarkt and on Sunday he started with the likes of England internationals Kalvin Phillips and Phil Foden and Argentina striker Julian Alvarez on the bench.
Manchester City manager Pep Guardiola expects midfielder Phil Foden and new striker Erling Haaland to form a dangerous combination after playing more games together regularly.
Manchester City forward Phil Foden was named the Premier League's Young Player of the season for the second consecutive year on Saturday.
