Cole would become only the seventh player to have reached 100 caps for England, joining Gerrard, Billy Wright, Bobby Charlton, Bobby Moore, David Beckham and Peter Shilton.
Roy Hodgson named a strong 24-man squad, with youngsters Raheem Sterling, Jonjo Shelvey and Wilfried Zaha all excluded as expected.
Frank Lampard has been picked, along with Jack Wilshere, Michael Carrick, Tom Cleverley, Leon Osman and skipper Steven Gerrard, who reached his century of caps in Sweden in November.
Hodgson has taken the unusual step of naming only two goalkeepers whilst Chris Smalling is called up for the first time during Hodgson’s tenure after recovering from injury.
England squad for the friendly against Brazil on Wednesday, February 6:
Butland (Stoke) Hart (Manchester City); Baines (Everton), Cahill (Chelsea), Cole (Chelsea), Jagielka (Everton), G Johnson (Liverpool), Lescott (Manchester City), Smalling (Manchester United), Walker (Tottenham); Carrick (Manchester United), Cleverley (Manchester United), Gerrard (Liverpool), Lampard (Chelsea), Lennon (Tottenham), Milner (Manchester City), Osman (Everton), Oxlade-Chamberlain (Arsenal), Walcott (Arsenal), Wilshere (Arsenal); Defoe (Tottenham), Rooney (Manchester United), Sturridge (Liverpool), Welbeck (Manchester United).