Ashley Cole could be left out of the England team to face San Marino this week following his abusive Twitter rant at the Football Association.
Legend
Earlier in the week, Hodgson had argued that Cole deserved to be put in the same bracket as AC Milan and Italy legend Paolo Maldini.
Asked if he deserved to be mentioned in the same breath as Maldini or England's 100-cap heroes such as Bobby Moore and Billy Wright, Hodgson said: "I think so. Maldini was a one-club man. Not many have done that but Ashley has done it with two.
"He had a long career at Arsenal, where he was considered a fixture, and done the same at Chelsea. They are top names, legends of the past, it must be great to know you are joining that.
"We don't have that Major League Baseball Hall Of Fame in England but these people are our Hall Of Famers."
He added: "For an outfield player, a left-back, to reach 100 caps is incredible and there is no reason why he cannot set his sights higher.
"He's a slim guy, who keeps himself very fit. If he can stay as he is today, who knows where it will take him in the future.
"Knowing Ashley a little bit, I'm sure he is not thinking on those terms - he's thinking of these games ahead of him."