The match falls on the exact date of the attack and is especially poignant as it happened while the victims were watching Ireland play Italy in the 1994 World Cup on television in the rural village of Loughinisland.
European football's governing body UEFA has granted permission for the armbands to be worn.
Irish football's chief executive officer John Delaney says the tragedy was “deeply moving” for all football fans.
Niall Murphy, a solicitor working for the victims' families, says they are “touched” by the gesture.