"We don't really intend to sell him, and he's very happy at the club.
"We've even offered him a new contract, an improved contract, which I think he's mulling over. Because he hasn't immediately jumped at the chance of a new contract, people are suggesting that there will be some movement. But I will be surprised if he moved."
However, Hodgson accepts there may well come a time when Hangeland moves on to a bigger club.
"Like everything else, Cristiano Ronaldo goes from Manchester United to Real Madrid, Kaka leaves Milan, there's always going to be bigger teams out there than the team you're working for," the former Inter Milan boss added.
"But Hangeland is a very loyal man, he's very happy at Fulham, so it would take a lot to move him but I can't give a stone-based guarantee that he won't leave us at some stage."