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Laws told the Scunthorpe Telegraph: "It is a tough draw, but the one thing you ask for is to be at home.
"I know (Tranmere boss) Brian Little well and i will look forward to the game, which will be a good yardstick for us."
Tranmere assistant Richard Hill reckons the game will be good preparation for his side, who face the Iron twice in the League shortly afterwards.
He said: "We play them three times in pretty quick succession and it will be good for us to have a look at them.
"It would have been nice to have gone to some of the big teams in the Championship, but we've got to go to Scunthorpe - hopefully we can get a result and a good draw in the next round."
