McGree stunned the world with his incredible strike for Newcastle Jets against Melbourne City, the equaliser en route to a come-from-behind 2-1 win that ultimately helped take the Jets to the Grand Final.
Now the teenager is up against superstars of football like Cristiano Ronaldo and Gareth Bale for the prestigious Puskas trophy.
But retired keeper Schmeichel says he would back McGree over the giants from Juventus and Real Madrid.
“If I was voting, I wouldn’t vote them [Ronaldo or Bale]. I really love Riley McGree’s goal," Schmeichel told "That is extraordinary that.
"Just thinking about doing that; the ball is behind you, and flicking it with your heel. You see the goalkeeper stranded in the middle there. The one thing he didn’t cover was that.
"I think it was brilliant.”
Today McGree, now on loan with Melbourne City from Club Brugge, said the goal was a spur of the moment stroke of improvised genius.
"You try anything really and if it pays off, well done,"said the 19-year-old. “If it doesn't, have another go. It is a bit instinctive. You have to have a bit of improvisation.
""It was definitely a big highlight in my career in so far as the way it was scored and what it did for the Jets, but I didn't really let all the attention affect me too much and tried to take it in my stride."
He added: "“I don’t remember too much of the goal, it was all very quick.
"The ball came over and I thought I’ve just got to get this towards goal somehow so I reached out and got a really strong connection on the ball – probably more so than I expected – and managed to steer it towards goal.
"I felt I got a good connection and knew it had a chance then, seeing [goalkeeper] Dean [Bouzanis] off his line. I couldn’t believe it. When I look back, I think my face says it all really.”