The Baggies put in place a 28-day recall option when they loaned him out and he is now available to return at any time.
Hodgson said: "There will be some pretty useful alternatives and we've talked about Ishmael Miller returning. I can't say for certain what will happen there but we certainly are discussing it.
"I don't quite know where the discussions have gone between West Bromwich Albion and QPR where he is currently on loan.
"We've got a lot of options anyway."