Jones died in September this year at the age of 59 in Mumbai, where he was commentating for the Indian Premier League, after suffering a stroke.
The barefoot circle ceremony was held before the start of the opening One-day International between the two teams here.
India vs Australia: Both sides to wear black armbands, observe minute's silence at first ODI in honour of Dean Jones
The former Australia batsman, who had represented his country in 52 Tests and 164 ODIs, was in Mumbai as part of IPL official broadcaster's commentary panel when he died on 24 September following a cardiac arrest.
PSL 2020: Karachi Kings' head coach Wasim Akram dedicates their maiden title triumph to late Dean Jones
Following Jones' untimely demise in Mumbai during the IPL, Akram stepped in as his replacement as coach of Karachi Kings.
Family bid farewell to late Australian great Dean Jones with last lap of empty Melbourne Cricket Ground
The casket of Jones, who collapsed and died aged 59, was draped in an Australia flag and carried in a white hearse adorned with flowers spelling "324", his Test cap number and his highest first-class score, achieved at the MCG.
Tendulkar, who fondly remembers his on-field battles during the Australia tour of 1991-92, said he would be glued to TV set as a young cricketer when Jones batted.
Deano always wanted you to ask him questions. It was like he was asking you to test his knowledge bank and therefore give it a chance to grow even further.
Dean Jones passes away: Cricketing world left 'shocked' and 'numbed' by death of former Australia batsman and commentator
Dean Jones played 52 Tests and 164 ODIs for Australia and was part of the 1987 World Cup winning team.
Jones was part of the Star Sports commentary team for the ongoing IPL and was in a bio-secure bubble, staying in Mumbai.
Sri Lanka and Mumbai Indians pace spearhead Lasith Malinga was rated as greatest bowler in the history of Indian Premier League (IPL) by his contemporaries, who are also commentators.
India vs Australia: Rohit Sharma versus David Warner contest interests former Aussie batsman Dean Jones
Dean Jones also talked about the advantages of having pacers who can bowl 140 plus in modern day cricket.
Australia vs Pakistan: Former cricketer Dean Jones believes 'horrendous scheduling' has left visitors ill-prepared for Test challenge
Pakistan’s hopes of upsetting hosts Australia in their upcoming two-match Test series have been seriously undermined by their poor preparation schedule, former Test batsman Dean Jones believes.
Rishabh Pant is currently a one-trick pony, he needs to work on his strokeplay through the off side, says Dean Jones
Rishabh Pant has received lots of flak lately from India’s coaching staff, pundits and the media after losing his wicket through loose shots and his position in the India Test side has been taken by fit-again Wriddhiman Saha.
India vs Bangladesh: Dean Jones says hosts need ‘four pillars of strength’ to be good T20I unit, calls day-night Test ‘great initiative’
As India gear up to lock horns with Bangladesh in a three-match T20I series, starting on 3 November in Delhi, former Australian cricketer Dean Jones said that the men in blue need to have “four pillars of strength” if they want to be a successful T20I side.
The Indian cricket team will be playing its first-ever day-night Test match against Bangladesh at the Eden Gardens from 22-26 November.
'No sympathy for him', says former England captain Michael Vaughan on Shakib Al Hasan two-years ban from international cricket
Former Pakistan captain Rameez Raja said that Shakib's actions and the fallout of those are a classic example of none being bigger than the game
Pakistan Cricket Board to announce new team management next week, Misbah-ul-Haq likely to be head coach
Mohsin Khan is expected to be named as the chief selector or team manager while Waqar Younis is the favourite for the position of the bowling coach
Former Pakistan captain Waqar Younis appears clear favourite to become national side's new bowling coach
Misbah and Waqar are seen as the front runners to be appointed head coach and bowling coach after the PCB did not renew contracts of Mickey Arthur and his support staff after Pakistan failed to reach the semi-finals the World Cup in the UK.
ICC Cricket World Cup 2019: MS Dhoni should bat at No 4, opines Dean Jones; backs Ravindra Jadeja in India's XI
Dhoni is facing criticism for his slow-paced knocks against Afghanistan and West Indies, but Jones feels that the 37-year-old stumper, and not Vijay Shankar, should bat at number four
Asif Ali had learnt about his daughter's illness during the fourth season of the PSL, with Islamabad United coach Dean Jones, the former Australia batsman, breaking down in tears when talking about the child's condition.