Pearce has slashed his 191-strong long-list to 80 players, who are now being contacted by the Football Association to confirm they remain in contention.
Beckham is the most notable figure and it remains highly likely the former England skipper, 37 next month, will be one of three over-age players in Pearce’s final 18-man squad when it is confirmed at the end of May.
Having played such a pivotal role in getting the Olympics to London in the first place, it would be a suitable reward, although others may argue it could weaken British hopes of a gold medal.
Representatives from all four Home Nations are in the latest squad, including Gareth Bale, Craig Bellamy, Steven Fletcher and Chris Brunt and the FA remain optimistic non-English players will accept a chance to play in a major tournament on home soil.
However, the Welsh, Scottish and Northern Irish FA’s are completely opposed to participation and whilst they accept there is no legal basis to bar selection, dire warnings about future existence of national teams are bound to be made.