The 23-year-old is set to undergo further specialist consultation to determine how his injury will be managed and when he will return to action.
England are scheduled to depart for Australia on November 4, with the first Test starting in Brisbane on December 8.
England squad: Joe Root (Yorkshire, captain), James Anderson (Lancashire), Jonathan Bairstow (Yorkshire), Dom Bess (Yorkshire), Stuart Broad (Nottinghamshire), Rory Burns (Surrey), Jos Buttler (Lancashire), Zak Crawley (Kent), Haseeb Hameed (Nottinghamshire), Dan Lawrence (Essex), Jack Leach (Somerset), Dawid Malan (Yorkshire), Craig Overton (Somerset), Ollie Pope (Surrey), Ollie Robinson (Sussex), Chris Woakes (Warwickshire), Mark Wood (Durham)
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