Both Jones and Sheeran will perform exclusively on grand final day and at the post-premiership party to be held on the MCG at the end of the Grand Final.
Mike Brady will also sing a new version of his football anthem Up There Cazaly before the national anthem.
AFL CEO Gillon McLachlan said the AFL was pleased that this year's grand final entertainment will have performers to please everyone.
"To have two iconic international stars perform at the grand final is befitting the biggest event on the national sporting calendar. Sir Tom Jones’ record as one of the greatest and most enduring singers ever speaks for itself while Ed Sheeran is arguably the hottest property in music today," McLachlan said.
"The AFL finals series is for the fans, the grand final is the pinnacle of the AFL competition and as such we want it to touch as many people as possible. In addition to putting a freeze on this year’s finals ticket prices, we have ensured the entertainment on grand final day will resonate with a wide spectrum of our fans."
The AFL also announced that Hawthorn premiership coach Alan Joyce will present the Jock McHale Medal to the winning grand final coach.
Dual North Melbourne premiership player and Norm Smith medallist Glenn Archer will present the Norm Smith Medal on grand final day, while former Footscray full-forward and Coleman medallist Simon Beasley will present the Coleman Medal to Lance Franklin.
