Ferre, whose training as an architect had a crucial influence on his approach to fashion, died Sunday in a Milan hospital after suffering a massive brain haemorrhage.
His funeral will be held at 12h30 GMT Tuesday at the basilica in Legnano before he is buried in the cemetery in the small town, about 30 kilometres (20 miles) from Milan.
The catwalk show of of his men's spring-summer 2008 collection will go ahead as planned on Sunday, said Tonino Perna, the head of "It Holding", which owns Ferre's fashion house.
"We want to live out his dream exactly as he had imagined it. We will follow Ferre's wishes. He had already chosen the music (for the show) and organised everything," Perna told the ANSA news agency.
A number of Italian fashion heavyweights, from Giorgio Armani to Roberto Cavalli and Valentino, hailed Ferre for among other things "his intellectual and artistic correctness" his "talent" and "his beautiful personality".
Ferre, who suffered from diabetes, had already had two strokes in the past but managed to recover, without paying heed to medical advice.
Ferre, whose international career included eight years as artistic director at the helm of the prestigious house of Christian Dior in Paris, was born in Legnano on August 15 1944.
He studied architecture in Milan, qualifying in 1969, although within a few years he had moved over into fashion. But his first love never left him: he has been called "the Frank Lloyd Wright of Italian fashion".