Moto G4 Play was announced in 2016, and till date it was running Android 6.0.1. Last Month Android Nougat 7.1.1 was rolled out to unlocked version in US. Now the update is available for Verizon users who are using Moto G4 Play. As all the manufactures are started to push Android Oreo to their smartphone, but Moto G4 Play started to receive Nougat now.
The update is rolling out as an OTA and changes the build number from MPIS24.241-2.35-1-17 to NPI26.48-38. The update also brings December 2017 security patch and Krack patch as well. Update brings all the features of Android Nougat. The update weighs around 1GB in size.
To check for update manually head to setting -> About -> Check for updates. Update will be rolled out in phases, it will take couple of days more if you did not receive right now.