The Manchester City keeper has been benched by his club manager Manuel Pellegrini for their last three games following some poor performances.
Hodgson said: "Joe will start one of the two games, but I don't think he will start both because I feel it's important for me to look at one of the other two keepers, possibly both, I haven't decided yet. But Joe is still our No 1 goalkeeper.
"I would guess it's more likely he will start against Germany rather than Chile but I don't wish to be held to that."
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