Sachin Tendulkar benefited from an excellent series against South Africa and moved to No 21 in the LG ICC batting rankings.
He is yet to recover from a groin injury and seemed uncertain to play the one-off one-dayer on Saturday.
19-year-old Irfan Pathan Jr will replace an injured Zaheer Khan.
Senior batsman Sachin Tendulkar was included in the 15-member Indian squad, but the struggling Virender Sehwag was given a rest for the Asia Cup tournament to be played in Bangladesh next month.
Zaheer Khan says he would stay positive and come back a stronger athlete.
Spinner Ravichandran Ashwin might have dismissed Kumar Sangakkara in his last four innings, but the legendary cricketer rated veteran India pacer Zaheer Khan as one of the most dangerous bowlers he has faced during his 15-year long illustrious career.
The exclusion of Virender Sehwag, Harbhajan Singh and Zaheer Khan was expected. The decision, which took a long time coming, in all likelihood, brings the curtains down on the One-day careers of the trio, says Bikash Mohapatra.
India's veteran pacer Zaheer Khan underwent a fitness test at the Wankhede stadium in Mumbai before the selection committee's meeting to pick the first Test against England, starting next week.
The vice-captain of the Australian team Michael Clarke feels that combating India's pace spearhead Zaheer Khan and off-spinner Harbhajan Singh will be a tough ask but they are up for it.
Iconic Sachin Tendulkar and limited overs captain Mahendra Singh Dhoni have led the bandwagon of former and current cricketers praising Zaheer Khan, who ended his international career on Thursday.
India suffered a severe jolt ahead their three-match Test series against Sri Lanka starting on July 18 with strike bowler Zaheer Khan being ruled out due to a shoulder injury.
It turned out to be a starry affair as some of India's top current and former cricketers attended former union civil aviation minister Praful Patel's daughter Poorna's sangeet ceremony in Mumbai on Thursday.
"We have three days, but I am not 100 per cent sure whether he will play or not," skipper M S Dhoni said, adding, "It is a long series and we don't want to risk any individual."
Runs may have dried up for Rahul Dravid but there is no dearth of support from his teammates including Zaheer Khan, who believes the right-hander is due for a big knock against Australia.
With Zaheer Khan out of the series, former India stumper Kiran More tells Bikash Mohapatra, the Indian team has a tall task ahead.
The left armer underwent the fitness test under the supervision of team physio Andrew Leipus and trainer Gregory Allan King.
Former India captain Sourav Ganguly feels India's pace spearhead Zaheer Khan needs to bowl a lot in order to be fully fit for the first Test against Australia, starting on the Boxing Day.
Impressed by Zaheer Khan's splendid performance, former Pakistan bowler Wasim Akram on Friday rated him as the best left-arm pacer in the game in the present times.
Eight years ago he faltered at the biggest stage in cricket, the World Cup summit clash against Australia in Johannesburg, but on Saturday Indian pace spearhead Zaheer Khan truly exorcised that disastrous spell of bowling with a splendid opening burst against Sri Lanka.
In another blow to Mumbai Indians' campaign in IPL-7, pace spearhead Zaheer Khan has been ruled out of the remainder of the tournament, according to skipper Rohit Sharma.
Royal Challengers Bangalore's Zaheer Khan is eager to "reclaim" his place in the Indian team and said he will look to use the period after IPL to attain peak fitness.
With a pace attack led by two injury-prone bowlers, things are not looking too good for India ahead of the gruelling Test series against Australia, feels fast bowling legend Glenn McGrath.
Mohammed Shami has taken 13 wickets in five matches in ICC ODI knockout games -- the third most wickets by an Indian bowler.
'If you are called in as a replacement, you are likely to start. Ups and downs are a part of life. I have always backed my skills.'
Here's a quick look back to the day when India erased a good chunk of the stigma of being poor travellers.
Sonakshi Sinha and Manish Malhotra were their candid, charming selves as they graced the sixth episode of Too Much With Kajol and Twinkle.
The Board of Control for Cricket in India recommended pace spearhead Zaheer Khan for the prestigious Arjuna award following his excellent showing in India's World Cup-winning campaign.
Australia's batting mainstay Michael Hussey believes Zaheer Khan's absence is a big blow for the Indian team in the seven-match ODI series, beginning in Vadodara, on Sunday.
Hindustan Petroleum Corporation Limited, India's second largest public sector oil company has signed up fast bowler Zaheer Khan to endorse its lube brands.\n\n
The England captain, however, said the jelly bean row had nothing to do with his team's defeat.
The India discard produced an incisive spell of fast bowling to give Worcestershire with a terrific start against Somerset in a County Championship.
At his former franchise Delhi Capitals, the captaincy became a point of contention, leading Pant to opt out of DC's retention plans after unsuccessful negotiations.
Seeking to clear air over the altercation Zaheer Khan had with Ricky Ponting, India off-spinner Harbhajan Singh said the issue was a misunderstanding on part of Australia's captain. Harbhajan said Zaheer's remarks were not directed at Ponting; the pacer was just talking with teammate VVS Laxman.
Former India captain Sunil Gavaskar on Sunday said that veteran pacer Zaheer Khan's omission from the squad for fourth Test was on expected lines but Harbhajan Singh and Yuvraj Singh have made "soft targets."
India pace spearhead Zaheer Khan is likely to play in Mumbai's next two Ranji Trophy games -- against Orissa at Cuttack later this month and Saurashtra at Rajkot next month. The selectors will monitor his progress in these two games before taking a final call.
It was Rishabh Pant's brief, unconvincing stint at the crease that starkly epitomised his season-long struggle
The English club is waiting to see if he gets picked for India for the ODI series involving Australia and the West Indies in Malaysia.