The game will take place on Saturday July 26, and is likely to have a 3pm kick-off.
It will be Sharp's second return to North Lincolnshire following his £2million transfer to Bramall Lane last summer.
Scunthorpe were 3-2 winners in a league game in September as Bryan Robson's reign at the Yorkshire club got off to a bad start.
The Iron will also host local rivals Grimsby Town in pre-season, with the Cods heading down the M180 on Saturday August 2.