The match on Monday, March 25, is at the AMEX Stadium in Brighton where coach Stuart Pearce is expected to name a strong side.
Pearce's squad qualified for the finals by winning seven of their eight matches, with Jordan Henderson, Raheem Sterling, Jonjo Shelvey, Tom Ince, Jack Butland, Craig Dawson and Danny Rose all possible starters on the south coast.
Their opponents Austria finished fourth in their group behind Netherlands, Scotland and Bulgaria.
And Pearce said: "We'll certainly be turning up at Brighton with a really strong side.
"By that stage I hope to have in my mind somewhere near to the squad we'll be looking to the European Championship in June.
"It will be worth people coming down to see some really promising players and, hopefully, a really good game."
Tickets for the game are priced at just £5 for kids and £10 for adults.
In the Euro finals, England have been drawn in Group A alongside Italy, Norway and hosts Israel.