The Texans made the announcement Tuesday on social media.
Houston made Johnson the third overall pick in the 2003 NFL draft. He went on to spend the first 12 seasons of his 14-year career with the organization before short stints with the Indianapolis Colts and Tennessee Titans before announcing his retirement last October.
The University of Miami product finished his Texans career with 1,012 catches for 13,597 yards and 64 touchdowns across 169 games. He earned seven Pro Bowl selections and led the league in receiving yards twice (2008 and 2009), getting named first-team All-Pro in both years.
Johnson holds nearly every major receiving record for the organization, including receptions, receiving yards and receiving touchdowns.
In April, he officially retired by signing a one-day contract with the Texans and expressed his gratitude for all the support from Houston over the years, per Deepi Sidhu of the team's official site.
"The love that I've been given has been amazing," Johnson said. "I came home, and I've retired. I know that's what you guys wanted, so it's finally done. I'm very excited about it. I'll still be here in the city of Houston."
He added: "I just wanted to do everything I could to put this organization on the map. The only regret I have is not helping this organization win a world championship. Other than that, I just tried to give this organization everything I could. Whether it was playing injured, you were going to have to drag me off the field in order for me not to play."
The Texans are a relatively young team, having played their expansion season in 2002. Johnson quickly emerged as the face of the franchise after 2002 top pick David Carr turned into a bust at quarterback.
It makes the wideout a perfect choice as the first player to join the Ring of Honor.