This will happen a day after eight star golfers, including last two Masters champions Sergio Garcia and Danny Willett, play in a knock-out Hero Challenge event.
Also in the field are former world number 1 and four-time Major winner Rory McIlroy and the tournament host Lee Westwood.
Shearer, seen as a footballing god in these areas and was once praised by Pele as one of the best 100 all-time players, will team up with his former Newcastle United and England partner Les Ferdinand in the Hero Pro-Am. Shearer and Ferdinand formed a deadly combination in the famous 1996-97 Newcastle side.
The Liverpool tees up with 2016 Ryder Cup player Andy Sullivan, a Liverpool fan, while the Newcastle contingent will join Graeme Storm.
The Pro-Am will be Sunderland's John O'Shea and Lee Cattermole, alongside Olympic triple jump gold medallist Jonathan Edwards, who still holds the world record for his event, with Spanish pro Adrian Otaegui.
Manchester United legend Peter Schmeichel, England's finest ever bowlers Stuart Broad and James Anderson, who have taken 894 Test wickets between them, star jockeys Sir AP McCoy, Ruby Walsh and Mick Fitzgerald will also feature in the event.
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