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Although holders Spain are not taking part, European champions the Netherlands have entered and will face EURO 2017 runners-up Denmark, plus Japan and Iceland in the group stage.
Hosts Portugal are grouped Australia – fourth in the FIFA Rankings – Norway and China, in the competition that will take place between 28th February and 7th March.
Canada, who are ranked fifth in the world and were last year’s beaten finalists, meet Sweden, South Korea and Russia.
Groups for the 24th edition of the Algarve Cup
Group 1: Norway, Australia, China, Portugal
Group 2: Sweden, Canada, South Korea, Russia
Group 3: Netherlands, Japan, Denmark, Iceland