Anderson missed the second Test at Lord's after suffering a side strain in the series opener in Cardiff but he has made good progress and will replace uncapped Surrey seamer Jade Dernbach.
Anderson will be given the chance to show he is match ready when Lancashire play Worcestershire in the Friends Life Twenty20 Sunday.
England lead the series 1-0 after their dramatic victory on the final afternoon of the first Test.
"Jimmy Anderson is the leader of our bowling attack so clearly he will be a significant inclusion should he get through Lancashire's Friends Life Twenty20 match against Worcestershire unscathed," national selector Geoff Miller said.
"Side strains can be particularly troublesome for bowlers but given Jimmy's injury was a grade one strain and therefore a low grade injury, he is expected to be fit for selection.
"A period of rest and recovery has certainly been beneficial and we obviously wouldn't include Jimmy in the squad if the medical staff weren't confident of his fitness," Miller said.
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