The Blues duo are on the six-man shortlist for the top award along with Harry Kane, Zlatan Ibrahimovic, Alexis Sanchez and Romelu Lukaku.
Conte feels Hazard and Kante's nominations are well deserved for their part in Chelsea's rise to the top of the Premier League.
However, the Italian was unwilling to pick one of his key performers this season over the other.
"I think it's great, for them, it's a great achievement to receive this nomination," he said.
"I hope for them to be the best player of the year and also I want them to win the league
Awards are important but the most important thing is if you match the two.
"But I don't like to make a choice between two of my players
It's not right
They deserve the best because they are having a good season, but I think all my players are having a great season.
"I'm pleased because it's a fight between two of my players and four other players from other teams
I want to see who is the winner."
Everton striker Lukaku, who has scored 24 goals this season, has been linked with a return to Chelsea in the summer.
Former Stamford Bridge great Didier Drogba this week said the Belgium international, sold by Chelsea to Everton for £28million in 2014, still has a point to prove at "the house he knows".
Yet Conte said: "I think it's not the right time to talk about this.
"I have great respect for Drogba, a legend for Chelsea, but I can't talk about this
It's not right to talk about players from other teams, we must have respect for players and other clubs."
Chelsea head to Manchester United on Sunday with no new injury concerns as they look to cement their place at the summit and move a step closer to the title.
Source : PA
Source: PA