The announcement will be made at 1pm and some players have already been confirmed as out.
Rio Ferdinand is the most high-profile casualty and Ferdinand himself has confirmed the news.
Tottenham right-back Kyle Walker is also missing, while Peter Crouch, Micah Richards and Phil Jagielka are also rumoured to be missing out.
Liverpool forward Andy Carroll could however be included as could former captain John Terry.
Here is the Football.co.uk prediction for the England squad.
What do you think of our selections ?
Goalkeepers: Joe Hart, Scott Carson, Robert Green
Defenders: Glen Johnson, John Terry, Phil Jones, Gary Cahill, Jolean Lescott, Ashley Cole, Leighton Baines
Midfielders: Scott Parker, Steven Gerrard, Frank Lampard, Gareth Barry, James Milner, Ashley Young, Theo Walcott, Adam Johnson
Forwards: Wayne Rooney, Danny Welbeck, Daniel Sturridge, Andy Carroll, Bobby Zamora
Source: DSG