A venue is still to be confirmed as the BFU said the decision will be taken early next year.
Under Bert van Marwijk, who extended his contract as coach until 2016 on Thursday, the Dutch comfortably qualified for next year's finals where they will face arch-rivals Germany, Portugal and Denmark in Group B.
Bulgaria, who failed to reach the European Championships finals for a second consecutive time after a dismal campaign, will use the game as preparation for their 2014 World Cup qualifying programme.
New coach Luboslav Penev will have the tough task of piloting the team through a group that contains Italy, Denmark, Czech Republic, Armenia and Malta.
Penev will make his debut in a friendly game against Hungary on February 29.
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