The election will take place at Sun City on Saturday.
Cosafa chief operations officer Sue Destombes confirmed that Jordaan will contest for the presidency.
“Elections will be held to decide the positions of president, vice-president and for the executive committee. Three nominations for the position of president were received prior to the November 2 deadline.
“These are for incumbent, Suketu Patel, South African Football Association president, Danny Jordaan, and Zimbabwe Football Association president, Philip Chiyangwa.”
Jordaan also ran for the position five years ago, but pulled out at a late stage. He was later appointed as an adviser to CAF president Issa Hayatou.
The 65-year-old Jordaan is said to be hoping to use the Cosafa presidency as a springboard for an executive future position at CAF, and after that, Fifa.
Jordaan has just spent a year as the mayor of Port Elizabeth. He was unable to extend his stay of office after the Democratic Party beat the African National Congress in the elections.
Instead of assuming his role as leader of the opposition as requested by his party, Jordaan has been absent from all council meetings, with the ANC declaring he was on “sick leave”.