There have been no players from Scotland or Northern Ireland selected for inclusion, whilst Craig Bellamy, Ryan Giggs and Micah Richards have been chosen as the overage allocation.
Pearce has admitted that it was difficult to narrow it down to just 18 players, especially with so many to choose from.
“It has not been an easy task to finalise my squad for this tournament, and the stature of the competition and uniqueness of the occasion has underlined the importance of every choice I have made,” he stated at a press conference, reported by Sky Sports.
“With just 18 places it is very different from other international tournaments, the options are limited, but it is the Olympic Games and every player in this squad should be very proud they have a chance to compete for a gold medal on home soil.
“I remember the huge advantage we gained from playing in front of our own fans during Euro 96, and I’m sure with the nation behind us it could be a fantastic tournament for us,” he confessed.
Goalkeepers: Jack Butland (Birmingham), Jason Steele (Middlesbrough).
Defenders: Ryan Bertrand (Chelsea), Steven Caulker (Tottenham), Craig Dawson (West Brom), Micah Richards (Manchester City), Neil Taylor (Swansea), James Tomkins (West Ham).
Midfielders: Joe Allen (Swansea), Tom Cleverley (Manchester United), Jack Cork (Southampton), Ryan Giggs (Manchester United), Aaron Ramsey (Arsenal), Danny Rose (Tottenham), Scott Sinclair (Swansea).
Strikers: Craig Bellamy (Liverpool), Marvin Sordell (Bolton), Daniel Sturridge (Chelsea).
By Gareth McKnight