The tournament draw was completed in Sydney last night.
New Zealand and Australia have been drawn in Pool A, along with qualifiers Chile and Hong Kong China - two sides the All Blacks have never played in a test match.
Meanwhile, the Springboks will be looking for an unprecedented third World Cup win in a row. They've drawn Italy, Georgia and Romania in Pool B.
This also sets up a probable quarter-final between the All Blacks and Springboks.
Other major team match-ups see Ireland and Scotland in Pool D, while England and Wales are both in Pool F.
The tournament will be the first in an expanded format, featuring six pools of four teams. The top two teams from each pool plus the four best third-placed teams will qualify for the knockout phase.
Australia is hosting the World Cup for the second time, after the 2003 edition in which the Wallabies went in as defending champions only to lose to England in the final. To date, it is the only time a northern hemisphere side has won the World Cup.
The World Cup will take place in Sydney, Perth, Melbourne, Brisbane, Adelaide, Townsville and Newcastle. Sydney's Accor Stadium will host the final, while Perth's Optus Stadium will have the opening game of the tournament on October 1, 2027.
2027 Rugby World Cup pools
Pool A: All Blacks, Wallabies, Chile, Hong Kong China
Pool B: Springboks, Italy, Georgia, Romania
Pool C: Argentina, Fiji, Spain, Canada
Pool D: Ireland, Scotland, Uruguay, Portugal
Pool E: France, Japan, USA, Samoa
Pool F: England, Wales, Tonga, Zimbabwe
