Defending champion Djokovic begins his title defence with a potentially tricky match against Ferrero, who is ranked 38th in the world and a former world number one.
Murray, who has reached the semi-finals at SW19 for the last three years, has won five of the nine encounters he has had against the 31-year-old Russian, who is a former world number three.
The world number four has endured a difficult time in the run up to Wimbledon, losing all three matches he has played on grass, and he will have been looking for an easier draw than the incredibly tough one he got this morning.
Despite being six years Murray's senior, world number 47 Davydenko will present Britain's number one with an extremely tough task in the first round.
Davydenko won the ATP Tour finals in 2009 and should he beat the Russian, Murray will probably have to overcome the likes of Ivo Karlovic, Kevin Anderson and Milos Raonic before meeting Rafael Nadal in the semi-final.
The Scot is confident he can deal with the high expectations of the British public, who have gone 76 years without a male Wimbledon singles champion.
"The first time I played at Wimbledon there was no pressure to do well because I was 18 and wasn't expected to do that well," he said at Boodles.
"When I got to 21 or 22 it was quite challenging because the expectations rise and you're putting more pressure on yourself.
"I'm probably more used to it now than a few years ago."
Nadal, meanwhile, will face Brazilian Thomaz Belluci and Roger Federer takes on Albert Ramos.
British prospect Jamie Baker comes up against American Andy Roddick while Oliver Golding faces world number 92 Igor Andreev.
James Ward begins his tournament against world number 36 Pablo Andujar.
The other Briton in the men's singles, Josh Goodall, faces Grega Zemlja of Slovenia.
As he is in the bottom half of the draw, Murray's game against Davydenko will take place on Tuesday.
In the women's draw, number one seed Maria Sharapova takes on Anastasia Rodionova of Russia while defending champion Petra Kvitova will face 6ft 3in Akgul Amanmuradova from Uzbekistan.
Former champion Venus Williams will play Elena Vesnina in her opening match while her sister Serena takes on Barbora Strycova.