Torres has scored just once so far this campaign, the winner against West Brom, but had a superb volley ruled out against Sunderland at the weekend and has provided the assist for Liverpool's last four league matches.
Hodgson believes the 26-year-old is now ready to hit top form having put his injury problems behind him.
"He is getting better and better. He has been behind our last four goals in the league," he said.
"Those assists will help his confidence. I've said all along for him it is a matter of time and a matter of games and it is nice to see him coming back to the form and the kind of player he is.
"I think the injury problems are behind him. I don't think we can consistently bring up injury problems.
"They were supposedly cleared up when he went to the World Cup but because he didn't meet expectations there were suggestions it was because of injuries.
"But he has been recovered from the actual injury which kept him out of the end of last season since the start of the World Cup and the injury picked up in the final was very minor and had cleared up by the time he came back for pre-season training.
"He scored a wonderful goal at the weekend which was ruled out for offside, for me very controversially, so I don't think there is anything wrong with his confidence.
"Everyone knows that for people who live on the reputation of being goalscorers, when goals dry up their confidence takes a bit of a knock.
"But the one thing you know about proven, quality goalscorers is that it will come again.
"The other thing we all know is that every goalscorer will go through a barren period.
"Who knows, tomorrow night might be good for that but I'm pretty sure Utrecht might have something to say about that because I don't think they will make him easy for him."