The Scots have played in the tournament nine years out of the last 10 and have finished fourth on two occasions in 2011 and 2014.
Scotland will play against New Zealand, South Korea and Austria in Group B, with their final placing determining who they will play on the final day.
The group of players is similar to the one which was selected for two matches against Denmark in Cyprus last month where Scotland drew on both occasions.
Joelle Murray was forced to pull out of those two matches but the Hibernian captain is named this time around.
Gemma Fay picked up an injury in the first Denmark game and is not included in the squad while she fights back to full fitness.
24-year-old uncapped goalkeeper Lee Alexander is included fresh from returning to Glasgow City from Swedish side Mallbackens.
Jane Ross notched in the first game against Denmark, taking her goal tally to 47 from 98 caps.
Arsenal left-back Emma Mitchell is also approaching the half-century landmark.
Goalkeepers
Shannon Lynn (Vittsjo GIK) 19 caps
Lee Alexander (Glasgow City) 0 caps
Defenders
Jennifer Beattie (Manchester City) 104 caps
Frankie Brown (Bristol City) 79 caps
Rachel Corsie (Seattle Reign) 87 caps
Ifeoma Dieke (Vittsjo GIK) 114 caps
Emma Mitchell (Arsenal) 49 caps
Joelle Murray (Hibernian) 38 caps
Midfielders
Leanne Crichton (Notts County) 44 caps
Erin Cuthbert (Chelsea) 4 caps
Lisa Evans (FC Bayern München) 53 caps
Hayley Lauder (Glasgow City) 80 caps
Kim Little (Arsenal) 119 caps
Joanne Love (Glasgow City) 173 caps
Christie Murray (Doncaster Rovers Belles) 42 caps
Leanne Ross (Glasgow City) 126 caps
Caroline Weir (Liverpool) 31 caps
Forwards
Lizzie Arnot (Hibernian) 8 caps
Fiona Brown (Eskilstuna United) 11 caps
Lana Clelland (UPC Tavagnacco) 12 caps
Jane Ross (Manchester City) 98 caps
Cyprus Cup 2017 Fixtures
Scotland v New Zealand, Group B
Wednesday 1 March 2017 2.30pm (12.30pm UK time)
Scotland v South Korea, Group B
Friday 3 March 2017, 5.30pm (3.30pm UK time)
Scotland v Austria, Group B
Monday 6 March 2017, 5.30pm (3.30pm UK time)
Placing match
Wednesday 8 March 2017
Source / photo – scottishfa.co.uk