Three Lions captain Joe Root also confirmed that Joe Denly will move to the top of the batting order to open with Rory Burns, with Jason Roy set to bat at No 4.
Marnus Labuschagne is expected to take Usman Khawaja Khawaja's No. 3 position in the batting order with Steve Smith to slot back into his customary No. 4.
Ruchira Palliyaguruge will now officiate as the TV umpire in both matches at Manchester and The Oval respectively.
Smith is expected to return for the fourth Test starting from September 4 after England rode Ben Stokes' epic 135 not out to level the five-match series 1-1.
Overton is returning to the Test fold for the first time since March 2018. Anderson, on the other hand, had been recuperating from a calf injury that he picked up in the first Ashes Test.
Tim Paine made no bones about the fact that the heart-breaking loss in the third Test did hurt the morale of the team.
Jofra Archer has been on fire in this year's Ashes and has been bowling with pace and purpose for England against the Australians.
Ben Stokes followed his World Cup final heroics with another knock of epic proportions as England won the Headingley Test to stay alive in the Ashes series.
Chasing a daunting 359 for victory after being shot out for 67 in the first innings, England were 286/9 with 73 runs still remaining when Stokes was joined by last man Jack Leach.
Stokes scored the winning four on Sunday in the afternoon session on Day 4 as England finished on 362-9 in the second innings in their chase of 359.
Stokes scored the winning four on Sunday in the afternoon session on Day 4 as England finished on 362-9 in the second innings in their chase of 359.
Joe Root, who had been struggling with form throughout the Ashes, stepped up for England in the 359-run chase, as the 3rd Test in Leeds heads for an exciting finish.
Steve Smith has been ruled out of the third Test at Headingley in Leeds with a concussion but Archer it seems is set to give the fans a glimpse of the unorthodox yet effective Smith in Leeds.
Marnus Labuschagne, who came in as Test cricket's first concussion substitute and impressed with the bat at Lord's, is all but sure to take Steve Smith's place in the playing XI.
Jason Roy has scored just 40 runs in four innings in the ongoing series Ashes series against Australia at the top of the order.
Mitchell Starc has turned to 'Game of Thrones' to push his case for the Headingley Test after sitting out the first two games of the Ashes series.
Many fans offered him a standing ovation at Lord's for his brave efforts but an audible contingent booed at and jeered Smith both times, when he was withdrawn and when he returned.
With a turnaround time of three days between the two Tests, it was always going to be a tough one for Smith to be ready in time and recover from concussion.
Some have compared Archer's debut to Shane Warne's Ashes debut in 1993, when the Australia legspinner delivered the so-called "Ball of the Century" to flummox Mike Gatting.
Akhtar also feels that Ashes, which is currently 1-0 in favour of Australia, would now take a turn with Archer's inclusion into the England lineup.
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