The former world number one believes that he has fully recovered from the injuries that disrupted most of last year and is ready for a successful 2012.
Donald and McIlroy are first and second in the world rankings respectively after a year that impressed Woods.
"Rory and Luke are both very talented golfers and I admire what they have achieved in the last year," Woods said. "I look forward to having many great battles on a Sunday afternoon with these great players in 2012."
All three players will begin their season at the Abu Dhabi Championship at the end of January.