It is thought that fly-half Carter will be replaced by Aaron Cruden, with Beauden Barrett joining the replacements' bench.
Carter, who has won 93 caps, suffered a leg injury during All Blacks training at the University of Glamorgan on Thursday.
In nine appearances against Wales he has scored 162 points and never been on the losing side.
There has so far been no official confirmation from the All Blacks camp surrounding his withdrawal.
Carter, though, has Tweeted a picture of All Blacks training inside the Millennium Stadium this afternoon. In the same post, he said: "Gutted not to be playing with these boys in this stadium tomorrow".
Gilbert has released a new line of rugby cleats. The Gilbert Virtuo 8S is part of the exciting new product. Check it out.
The entire All Blacks apparel line has been updated for 2013/14. Check out the New Zealand All Blacks polo.
The Nike Tiempo is a solid rugby cleat and one of few styles still made from full-grain natural leather.
The Gilbert Blitz 8S rugby cleat is a great cleat at a great price of $69.99. Get a new pair of cleats today.
A cool looking all black rugby cleat with the high performance adidas is known for. Get in the Gear!
Wear the crest of the British and Irish Lions on your t-shirt. A great look for the summer.
The All Blacks Performance t-shirt is black with hints of blue from the training jersey. Very Cool.
The New Zealand All Blacks training jersey for 2013/14. Get in the Gear!
The USA Rugby Pro Alternate rugby jersey is perfect for any fan of the Eagles. Get yours to wear during the summer Test matches.
The NEW All Blacks 2013/14 jersey has arrived at World Rugby Shop. Dare to wear the colors of the All Blacks.