The encounter will be played at Birmingham County FA Headquarters, B43 6JF (kick-off 12noon). Admission for the game is free of charge.
The Saddlers come into the game off the back of a 2-2 draw away at Preston North End in the EFL Youth Alliance Under-18 North West Division, while the Iron will be in buoyant mood after beating Mansfield Town on their travels last weekend.
Walsall currently top Group Four in the Youth Alliance Cup with two wins from two, while Scunthorpe will be looking to keep their chances of progressing to the next stage alive after one win and one defeat from their two games so far.