The body of the 21-year-old footballer was found hanging from the ceiling of bedroom in his house at Saligao village near Panaji, police said.
"Family members said he had returned from a New Year party around 4 am," said inspector Santosh Desai. He latched the door of his bedroom from inside and hanged himself, the police officer said.
"When he didn't open the door in the morning, the family members peeped in from the window and found him hanging," Mr Desai said. Police were conducting further probe, he added.
The young mid-fielder was known for his good technique and passing and shooting ability. He had represented Goa in the U-16 BC Roy National Tournament in 2010-2011.
Elvis Gomes, president of the Goa Football Association, expressed shock at the young footballer's death. "It is a great loss for Goa. He was a most promising and talented player who could have made it to the national squad," Mr Gomes said.
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.