Andrew Strauss' side, who climbed to the top of the Test rankings this year, have been included in the world team of the year category.
They face strong competition from Rugby World Cup winners New Zealand, Formula One team Red Bull and Champions League holders Barcelona.
Barcelona are making their fourth appearance in the team of the year section, while their Argentina playmaker Lionel Messi is in the running for sportsman of the year award for a third successive year.
Northern Ireland golf supplies two nominees, with Rory McIlroy shortlisted for the breakthrough of the year and Darren Clarke for comeback of the year award.
Mo Farah, the European athlete of the year and medal hopeful at London 2012, is also included in the breakthrough category.
Wheelchair racer David Weir features in the world sportsperson of the year with a disability nominations, while BMX maestro Jamie Bestwick is included in the action sports section.
The awards ceremony, which recognises sporting achievement during 2011, will be held at London's Central Hall, Westminster, on February 6.
Laureus world sports academy chairman Edwin Moses said: "This has been a great year for sport and the academy are going to find it extremely difficult to decide who to vote for as winners.
"We have had several massive performances in 2011 both by individuals and teams and that has been reflected in the nominations."
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