Tendulkar, who was awarded Honorary Member of MCC in 2010, will lead a side that will also have another Indian batting great Rahul Dravid in his side. (Agencies)
Former Indian captain Sunil Gavaskar also played a competitive game after his Test retirement, where he scored a fabulous 188 for Rest of the World against MCC in a bicentenary Test match at Lord's back in 1987.
The famous Tendulkar vs Warne rivalry will be renewed for a day as the Aussie legend leads a team that will also have former South African captain Shaun Pollock in its ranks.
This is the second time Tendulkar will appear at Lord's in such a fixture, having captained the Rest of the World side - scoring a majestic century in the process - in the Lady Diana Memorial Match in 1998.
"It is an honour to be asked to captain the MCC side in such a prestigious fixture, and I am delighted to accept it," Tendulkar said in a statement released by the MCC.
"Lord's is such a special place to play cricket and I am very much looking forward to help celebrate its bicentenary by taking part in this match. I was delighted to be presented with an MCC Honorary Life Membership in 2010, and it will be a privilege to play at the Home of Cricket once again," Tendulkar added.
Warne, on his part also sounded excited, to be playing the festival fixture.
"I always enjoy playing at Lord's and as an Honourary Life Member of MCC I'm really excited about coming back," Warne said in the statement.
"I'm sure the match will be a lot of fun and it will be a pleasure to be part of the bicentenary celebrations of the most famous cricket ground in the world," he added.
Tendulkar, who was awarded Honorary Member of MCC in 2010, will lead a side that will also have another Indian batting great Rahul Dravid in his side.