The PCB had initially planned to send a squad of 29 players to England, but ten players tested positive for coronavirus earlier this week.
India managed to take 47 run lead in the first innings after registering a score of 341, owing to Dilip Vengsarkar's knock of 126 runs from 213 balls.
There has been widespread discussion among cricketing boards on how to reduce pressure points in the global cricket calendar in the future, ESPNCricinfo had reported.
The 37-year-old Anderson is currently the leading wicket-taker for England in the longest format of the game with 575 wickets to his name.
Stokes has had a remarkable 2019 as he played a match-winning knock of 135 runs in the third Ashes Test to guide England to a one-wicket win over Australia at Headingley.
The matches will be played in the same format as bilateral series but with the added context of a competition and one champion team. The number of matches in each series can vary between a minimum of two matches, to a maximum of five matches.