Hodgson was replaced by Kenny Dalglish as Reds manager in January.
Spearing told liverpoolfc.tv: "It's going to be a difficult game but we know we can match anyone and beat anyone.
"Roy is a great manager and a great person. He gave me a lot of games in the Europa League and I've got a lot to thank him for.
"His time didn't work out as well as he planned but hopefully it works out for him at West Brom, but not obviously on Saturday!"