The trio of Cameron Bancroft, Steve Smith and David Warner have all made a comeback to Australia's Test line-up after serving their respective bans for involvement in the ball-tampering saga.
Meanwhile, Matthew Wade has found a spot in the Australia squad despite not having made an appearance in the format for almost two years.
He has been chosen as Australia's back-up wicketkeeper to captain Tim Paine which means star performer in the World Cup Alex Carey's wait for a Test debut continues.
"Got to be kidding re Alex Carey," Waugh tweeted. "For me Alex missing the squad is the biggest shock particularly after his batting during the World Cup and being the second best gloveman."
Warne was also baffled by Carey not making the grade after a prolific tournament campaign saw him conjure 375 runs at an average of 62.5.
"Very surprised/disappointed that Carey didn't make the Aussie squad," Warne wrote in an Instagram post as he predicted Australia's playing XI for the first Test at Edgbaston.
Warne has opted for Bancroft and Warner as Australia's opening pair while he has surprisingly left out Mitchell Starc to keep James Pattinson in the team.
Former Australia skipper Mark Taylor felt Joe Burns and Kurtis Patterson were treated unfairly as both batsmen failed to retain their slot in the team even though they scored centuries in their last home Test against Sri Lanka.
"I was disappointed Kurtis Patterson didn't make the squad. You can't help but feel a little bit sorry for both him and (Joe) Burns," Taylor said.
"They're both coming off hundreds in their last Test matches."
Taylor believed the current selection pattern reflected the changing priorities.
"It's a sign of the times," he said.
"They (the selectors) are picking on recent form rather than their last Test matches, and I guess you could say that Bancroft, (Marnus) Labuschagne, and Wade won that battle of the batsmen."
Australia are still in search of their first Ashes victory away from home in 18 years.
Although England will be buoyed by the World Cup triumph, Australia would be keen on rewriting history and retaining the urn.