The veteran joined Cremonese with the season already underway and has quickly adjusted to the demands of Serie A.
Vardy has scored four goals for Cremonese in 12 Serie A appearances. And with his team sitting in 12th place in the standings , the Englishman has been rewarded for his excellent form.
Having scored a goal in three matches during November, the 38-year-old striker was named Serie A Player of the Month for November.
"Vardy is truly a player from another era," Serie A chief executive Luigi de Siervo said.
"His arrival at Cremonese was greeted with great enthusiasm by all Serie A fans, and Vardy is repaying them with top-level performances, innate leadership and important goals, the result of the competitive spirit and shooting skills that have always distinguished him."
Vardy is the first Englishman to win the Serie A Monthly award.