Liverpool boss Hodgson excited seeing his new signings together
By bringing in the likes of Joe Cole, Paul Konchesky and Danny Wilson he boosted the English/home-grown quota while Denmark international Christian Poulsen and Portugal's Raul Meireles were brought in to fill holes left by Javier Mascherano and Alberto Aquilani, now on loan at Juventus.
All the new arrivals are set to be included in the squad for today's match at Birmingham.
"[Buying] home-grown is nice and we have to think more about it because of the new rules that came into effect on September 2 with the 25-man squad," said the Reds boss.
"If you want to get the full benefit of your squad you have to fill your quota of eight, if you're talking about seniors.
"What is important when you are looking to bring in very high-profile players is realising there is a definite place for them in the team and they are not going to clash with another high-profile player.
"Otherwise you find yourself having two wonderful players but you can't find a place for them in your team because they clash.
"With Joe we knew what we were getting and where we were going to use him and we knew exactly the jobs Poulsen and Konchesky were going to fill.
"The same goes for Meireles who, alongside Poulsen, is one of the midfield players replacing Mascherano and Aquilani.
"Cole, Poulsen, Meireles and Konchesky: each of those players fit very much into the profile of what we were looking for at the club.
"We thought we needed that type of player in that position and I am very pleased to welcome those.
"In our ideal world we may have had one or two other positions pencilled in to improve our squad but I am still pretty satisfied with the ones we got."