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The 36-year-old Mathews, who lifted the trophy in 2014, will make his sixth T20 World Cup appearance at the biennial tournament, which will be co-hosted by twice champions West Indies and the United States from June 1-29.
Mathews became the first player to be dismissed 'timed out' in international cricket during the World Cup match against Bangladesh.
'I know Angelo for a long time since 2006. Yeah, I'm better within the rules', quipped Bangladesh Shakib when asked about the controversy.
Young pacer Matheesha Pathirana has been included in Sri Lanka's 15-man squad.
An unhappy Mathews has reportedly written to the SLC administration stating that he is considering retirement.
The 32-year-old all-rounder made a comeback to the team after a 16-month absence from the shortest form of the game.
Malinga derailed England's chase after Angelo Mathews' unbeaten 85 had powered the 1996 champions to what appeared a below-par 232/9.
Both Mathews and Malinga raised their game when the Lankans needed them the most and the shock win over England have given the islanders a lifeline in the race for the semifinals.