The award saw the Real Madrid goalkeeper and FC Barcelona midfielder chosen over the other finalist, by 11 votes to 7 on Sept. 5, 2012.
Spain captain Casillas has made 138 appearances for Spain, while Xavi has represented the national side on 113 occasions.
The Prince of Asturias Awards are handed out every year for a variety of subjects ranging from sport, to the arts and international co-operation. Each award carries a cash prize of 50,000 euros and the winners also receive a statue by artist Joan Miro in the ceremony.
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