Barker has endured a frustrating year through injury and has yet to fight in 2012 after being forced out of a headline appearance at Alexandra Palace in September, suffering arm damage in sparring.
Rees has enjoyed a more productive 12 months, adding the British lightweight title to his European crown.
Matchroom promoter Eddie Hearn thinks that the show could prove to be one of the most exciting of 2012.
He said: "This is our Christmas present to fight fans that come to the shows and watch live on Sky Sports.
"We've put together a fantastic card for the Olympia, with Purdy's clash with Jones bound to be a corker, Rees in with a top class domestic foe, Barker returning with a tough test and a whole host of young talent eager to impress.
"Our last night of 2012 promises to be one not to miss."