Jarvis will be competing alongside his Pulp bandmate Candida Doyle in a special one-off edition, with the opposing team set to comprise two members of Happy Mondays, dancer Bez and backing singer Rowetta.
The programme will be broadcast in September to mark the fourth annual BBC Music Day. Episodes of Bargain Hunt are shown on BBC One and feature amateur buyers trying to sell antiques for a profit.
It isn't known how well Jarvis fared - although it has been noted that, in a publicity photo, he is the only competitor not to be wearing the traditional contestants' outfit of a red or blue polo top, sticking to his customary suit and shirt instead.
When Pulp became successful he often spoke of his fondness for scouring charity shops and jumble sales for garments, telling the Daily Telegraph in 1995: "If you've bought something and it only cost 20p you can experiment and throw it away if you don't like it."
Kylie Minogue, Gareth Malone and Ella Eyre will also take part in BBC Music Day, which takes place on 28 September. Woman's Hour is marking the occasion on Radio 4 with a Women in Music Power List, while pop star Kylie will be voicing train announcements at railway stations across the UK - which could include Sheffield.
"I truly believe in the power of music to bring joy and lift the soul," said Kylie, who follows in the footsteps of Jarvis, who re-voiced a series of Sheffield tram announcements for Music Day in 2016. "Hopefully my little messages for train passengers will be a nice surprise and a reminder of the power of music."
Choirs will perform on the platforms of more then 40 destinations around Britain, too.
Schools are being encouraged to put on events in playgrounds and assemblies, and Radio 1 is going out to universities as the day coincides with Freshers' Week.
"The UK is truly a nation of music lovers," said Bob Shennan, director of BBC Music.
"BBC Music Day aims to bring the nation together to celebrate this, from pop and rock to classical and choirs and everything in between. There really is something for everyone to enjoy."