Marcus Rashford made the breakthrough on the night, but the Netherlands went on to score three times without reply - including twice in extra time - to book their spot in Sunday's final against Portugal.
England impressed in the group stages of the Nations League, collecting seven points from four matches against Spain and Croatia to top the section.
The Three Lions were unable to overcome Ronald Koeman's side in the final four, however, and are therefore only playing for third position in the first edition of the tournament.
Here, Sports Mole looks at how Gareth Southgate's team could line up.
It would not be a surprise to see Southgate change his entire XI for Sunday afternoon's clash. The head coach might eventually revert back to the 3-5-2 which served the team well at the 2018 World Cup, although he might be keen to have another look at the 4-3-3 with a different set of players.
Rashford was substituted at the interval of Thursday's semi-final after taking a few knocks in the first period, and the Manchester United forward is unlikely to start.
Raheem Sterling captained Southgate's side on his 50th cap last time out, although the Manchester City attacker is expected to drop to the bench for this match.