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Manchester City starlet Foden, 20, impressed on Wednesday as his second-half brace sealed a 4-0 thumping win over 10-men Iceland in the Nations League.
And Keane singled out the English midfielder with praise, despite Jack Grealish receiving the man of the match award.
Speaking on ITV, the 49-year-old United legend said: "Two excellent goals. I loved his first goal, we're talking about making runs in the box, right at the end a bit like what Paul Scholes used to do.
"Sometimes it's about standing still and that's football intelligence and, again, he's 20 years of age. It was an excellent performance.
"He's made a mistake a couple of months ago, but he'll be delighted with that. He's a great prospect."
Declan Rice and Mason Mount opened the scoring in the first half at Wembley before Foden's brace.
Arsenal hero Ian Wright, much like Keane, praised Foden for a "fantastic performance" at Wembley.
The 57-year-old pundit explained: "It's a fantastic performance from him.
"You're pleased to see him come back from what he's come back from simply because you just want a young player to be able to do that in peace which he was given.
"The way he picks up the ball in these areas, we know what he's capable of doing as he does it for Manchester City.
"It's a massive plus for another England player that can create because that's what you want."
Foden impressed fans during the England match after he pulled off a Zinedine Zidane-esque touch to leave Ari Freyr Skulason looking completely helpless.
Featured Image Credit: PA
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