The tournament begins on November 19 and all the matches will be played in Goa.
The Indian Super League side drew 1-1 against 10-man Bashundhara Kings of Bangladesh to reach the next round.
With just one point from two matches, the Sunil Chhetri-led team has been knocked out from the competition.
The Spaniard guided the Mariners to the final in their first-ever ISL season only to lose the title to Mumbai City FC.
The AIFF Player Status Committee stated that the transfer was valid pertaining to all the terms and conditions and that Naorem was completely fit to play at the time of transfer to ATK Mohun Bagan.
Ranawade had to be taken off the field in an ambulance during the ISL final between Mumbai and ATK Mohun Bagan.
Mumbai City FC rallied to down ATK Mohun Bagan 2-1 in the final.
ATK Mohun Bagan edged out NorthEast United FC 2-1 in the play-offs second leg to register a 3-2 aggregate win.
Idrissa Sylla headed in a stoppage-time header to help NorthEast United hold ATK Mohun Bagan to a 1-1 draw in the play-offs first leg.
Mumbai take on FC Goa, while Bagan clash with NorthEast United FC in the two-legged play-offs.