Liverpool boss Hodgson: Cole will make debut against Gladbach
Liverpool's No.10 will play some part of the match which is a repeat of the 1977 European Cup final.
"Yes they will be involved," Hodgson told Liverpoolfc.tv.
"It's a friendly game so I can control the amount of time they play.
"In competitive games we only have three substitutes to use, so it's very dangerous to put players on the field who don't have 90 minutes in their legs."