Dani Dennis-Sutton, Zane Durant, and A.J. Harris were named to the list on Monday.
Penn State starts the season three spots ahead of where they finished 2024.
Dinkins had 14 receptions for 122 yards and two touchdowns last season.
The transfer has made the switch from defensive end to defensive tackle.
Allar finished as a semifinalist for the award a season ago.
Ross and Peña are two of the three new receivers from the transfer portal.