Coach Oscar Washington Tabarez has also named prolific Napoli striker Edinson Cavani and Palermo's Egidio Arevalo Rios as over-age players in the squad that will compete in Group A alongside Great Britain, Senegal and the United Arab Emirates.
Uruguay, who won last year's Copa America and finished fourth at the 2010 FIFA World Cup™, will face the United Arab Emirates in their opening game on 26 July.
Uruguay famously won football gold at the 1924 Summer Games in Paris and again four years later in Amsterdam.
Goalkeepers: Martin Campana (Cerro Largo), Leandro Gelpi (Penarol)
Defenders: Sebastian Coates (Liverpool/ENG), Diego Polenta (Genoa/ITA), Ramon Arias (Defensor Sporting), Alexis Rolin (Nacional), Emiliano Albin (Penarol).
Midfielders: Egidio Arevalo Rios (Palermo/ITA), Nicolas Lodeiro (Ajax/NED), Matias Aguirregaray (Palermo/ITA), Gaston Ramirez (Bologna/ITA), Maximiliano Calzada (Nacional), Diego Rodriguez (Defensor Sporting)
Forwards: Luis Suarez (Liverpool/ENG), Edinson Cavani (Napoli/ITA), Abel Hernandez (Palermo/ITA), Jonathan Urretaviscaya (Vitoria Guimaraes/POR), Tabare Viudez (Nacional)
(*Please note that squad lists only become official after they have been submitted to and announced by FIFA.)