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Brazil name Neymar and Douglas Costa in Olympic squad

Neymar scores a penalty for Brazil against the United States
Image: Neymar will be aiming to win Brazil's first Olympic title

Neymar and Douglas Costa have been included in Brazil's squad for the Rio Olympics.

Stand-in coach Rogerio Micale has named the Barcelona superstar and Bayern Munich forward in his squad as Brazil bid to bounce back from humiliation in the Copa America.

Palmeiras captain and goalkeeper Fernando Prass is the third permitted player over the age of 23 after receiving his first international call-up as a 37-year-old.

Bayern Munich's Brazilian midfielder Douglas Costa celebrates scoring his side's second goal at Hertha Berlin
Image: Douglas Costa will play for Brazil at the Rio Olympics

Brazil will be playing in their first major tournament on home soil since their embarrassing 7-1 semi-final defeat to Germany.

The Spanish champions allowed Neymar, 24, to play in the Olympics but not this month's Copa America, in which Brazil were knocked out at the group stage.

WATCH: Handball knocks Brazil out
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Brazil were knocked out of Copa America after controversy

"Neymar is different. He is one of the best players in the world. Any national team would want to have a player of his profile," Micale said.

"He will mean a lot for the team. I hope he will be able to help the younger players."

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Corinthians coach Tite was named as Dunga's successor after he was sacked following Brazil's Copa American exit, but Under-20s coach Micale will be in charge for the Olympics.

The five-time world champions, who face South Africa, Iraq and Denmark in the group stages, have never won the Olympic title and suffered defeat four years ago in London when they lost to Mexico in the final.

Fernando Prass of Palmeiras
Image: Fernando Prass will be 38 when the Olympic tournament kicks off in August

Brazil Olympic sqaud

Goalkeepers: Fernando Prass (Palmeiras), Uilson (Atletico Mineiro)

Defenders: Luan (Vasco), Rodrigo Caio (Sao Paulo), Marquinhos (PSG/), Douglas Santos (Atletico Mineiro), William (Internacional), Zeca (Santos)

Midfielders: Rafinha (Barcelona), Rodrigo Dourado (Internacional), Fred (Shakhtar Donetsk), Thiago Maia (Santos), Felipe Anderson (Lazio)

Strikers: Neymar (Barcelona), Douglas Costa (Bayern Munich/GER), Gabriel Barbosa (Santos), Gabriel Jesus (Palmeiras), Luan (Gremio)

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