Ishant was forced to miss the Australia tour due to side strain suffered during the IPL. It has been learnt that Ishant will not be available for all matches.
Dhawan featured in the T20 series against Australia, scoring a half-century in the second match.
The selection panel named a jumbo 42-member squad that also has Under-19 World Cup winning captain Unmukt Chand, Nitish Rana, Pawan Suyal and Manan Sharma.
The panel met on Friday to pick the squad and has asked all the players to report to chief coach Rajkumar Sharma and coach Gursharan Singh.