The Liverpool and Three Lions skipper is unsure whether he play on after next summer's finals in Brazil but Hodgson suggests a decision is unlikely to be made until much closer to the time.
"It is easy for players to talk about retiring in a year's time," Hodgson said.
"I have fallen into that trap myself on several occasions. When the time rolls around you realise you don't actually want it.
"Let's wait and see with Steven. I know he gives these interviews and people write these things but I just bat them off.
"If afterwards, for some reason, they aren't, we will re-assess."