The celebration at Martin Luther King Jr. Plaza will feature music, performances, and more.
The contest was called as a 1-1 draw with minutes remaining due to inclement weather.
Bloyou and Reedy were both key parts of the Nittany Lions' impressive run last spring.
Wisniewski was drafted by the Oakland Raiders in 2011 after a dominant career as an interior offensive lineman for the Nittany Lions.
Piazza died in a hazing-related incident at Beta Theta Pi fraternity house at Penn State in 2017.
From 3 to 4 p.m. on Friday, August 27, attendees will rally to "support a COVID-19 vaccine mandate and other safety measures."