Blues boss Roberto Mancini has already warned Rodwell he may face a wait to establish himself at the Etihad Stadium.
"I'll be honest: I think this year there'll be quite a few times I have to select players who won't be in their team," said Hodgson.
"I don't know how many starts Jack Rodwell will get at Manchester City.
"That's a risk, but it's the nature of the Premier League.
"There are so few English players in the league, and many of them playing for the same club."