With the club still up for sale and uncertainty surrounding what might happen early next month when owners Tom Hicks and George Gillett have to refinance or repay their £237million-plus loan to the Royal Bank of Scotland, Hodgson does not know whether that money will still be available in four months' time.
Asked whether he would still be able to spend the money which he did not use in August the Liverpool manager said: "I would hope so but I don't know. I don't know what funds I have for January.
"I don't know quite how much [was available in August] - but with the limited amount of time at our disposal and the very limited market it wouldn't have been possible for me to find the striker I wanted anyway.
"The situation with the club's funds is extremely complicated and it would be very foolish for me to start making statements on that front.
"Perhaps by January the club will be under new ownership and I'll have to see what the new ownership has in mind."