Gerrard took a knock during Liverpool's 1-1 draw with Chelsea at Stamford Bridge on Sunday but the English Football Association said the midfielder would travel.
"Steven Gerrard has been cleared to travel with the England squad to Sweden having undergone a precautionary scan on Monday afternoon," the FA said on their website.
Gerrard's 17-year-old Liverpool team mate Raheem Sterling could win his first cap, as could Everton's Leon Osman, 31.
"It's fantastic, there's only a select band that has managed to do it and he certainly deserves to be in that crew. He is a fantastic player and leader of men.
"I think we first played against each other when we were about 12 or 13 years of age on Merseyside and to now see him get his 100th cap is fantastic, but not surprising."
Sweden though are often a hard nut to crack as Germany found a month ago when Erik Hamren's team came back from 4-0 down to draw 4-4 in a World Cup qualifier in Berlin.
"I see quality, I see attitude, I see the future," Hamren told a media briefing in Stockholm as he announced his squad, adding that his side lacked experience.
"It's a bit messy here at the moment. We have a few injuries and those that play in Europe aren't getting much playing time."
England manager Hodgson is still held in high esteem in Sweden where he had spells coaching Halmstad, Oddevold, Orebro and most successfully Malmo where a section of the ground is still known as "Roy's corner".
With almost blanket coverage of England's Premier League on Swedish television, supporters travel in their
