The game will be televised by ESPN2 at 8 p.m. EST.
Teague, a point guard from Indianapolis, and Gilchrist, a small forward from New Jersey, will play for the East team.
Power forwards Davis, of Chicago, and Wiltjer, of Portland, Ore., are on the West team.
It's the third all-star stop for the UK signees in the past three weeks. They played in the McDonald's All-American game on March 30 in Chicago and played in the Nike Hoop Summit in Portland last Saturday.