Former European Cup winners Celtic and Red Star Belgrade were the two big names in the draw for the first two qualifying rounds of the Champions League, which was made on Monday.
Celtic will enter at the second qualifying round, with ties played on July 12 or 13 and 19 or 20. They will travel to either Estonia to face Flora Tallinn or to the British Overseas Territory of Gibraltar to play Lincoln FC, with those two sides facing off in the first qualifying round, for the first leg.
Celtic first-team coach Kennedy said: "At this stage we are going in as favourites but we will make sure we do our homework and make sure we are up to speed, that we are fit and strong.
"We want to be in the Champions League and you can take no chances. With Brendan [Rodgers] coming in, he will certainly take it up a notch in terms of how detailed he looks at teams.
"The Estonian team are halfway through their season so preseason is crucial for us and the time that comes round we are really ready to go."
Red Star also must wait to find out their opposition, with a tie against Malta's Valletta or the Faroe Islands' B36 Torshavn.
Welsh side The New Saints start out in the first qualifying round against Tre Penne of San Marino, with Northern Ireland's Crusaders facing FC Copenhagen in the second qualifying round.
Recent group stage participants entering at the second qualifying round include Ludogorets Razgrad, BATE Borisov, Rosenborg, FC Copenhagen, Astana and APOEL Nicosia.
Skenderbeu's participation is subject to a match-fixing enquiry.
First qualifying round: Ties to be played June 28-29 and July 5-6:
Second qualifying round: Ties to be played July 12-13 and 19-20: