Hodgson, who takes his troops to QPR today, has admitted he may look to trim his squad by offloading fringe players as he attempts to guide Albion to safety for the second season running.
He said: "I've had a meeting with the chairman Dan Ashworth to discuss what we will do in January.
"I'm pretty sure the club will do its best and if there's any players we do need we'll be able to do it within the parameters we work with.
"We won't be putting in a bid for Sergio Aguero though, that's for sure!
"All clubs in January will have something of a change-around. There are players who start the season looking to get into the team and when they don't they get a bit disenchanted and want to move on.
"If that happens to us we will be looking to replace them. For the last few weeks we've had as many as 25 players training and you could argue we don't need that size of squad."