But recent tests showed he would not be ready in time.
"After his most recent assessment and attempting to bowl in the nets, it was clear that Jhye was not progressing as fast as required.
"Therefore, in consultation with selectors, we made the decision to withdraw him from the squad." Kane Richardson was called up to replace him, with long-time pace spearhead Josh Hazlewood, who has been put of action since January with a back injury, overlooked.
When the squad was announced last month, chief selector Trevor Hohns said the focus was on having Hazlewood ready for the Ashes Test series in England which begins in August.
He was instead named in Australia's one-day A squad, which will play games in England while the World Cup is on.