Zaha has reacted “maturely" to his failure to follow Aaron Wan-Bissaka out of Selhurst Park, according to Hodgson.
Wan-Bissaka moved to Manchester United for £50m.
“It was a simple case with Aaron Wan-Bissaka," said Hodgson. “When it becomes clear that this offer is on the table and he wants to go, you react with more experience than you would when you are younger.
“Then you look at things in a selfish way: 'How many points is this going to cost and how much worse will the season be because of him going?'
“With Wilf, I don't think anyone was thinking we definitely must block him because we want our best player still with us.
“We understood that if a really big offer comes his way and a much bigger club than Crystal Palace want him, and he is desperate to go, we are going to have to try and do some kind of deal.
“The unfortunate thing for Wilf is that offer did not come his way from the sort of club that he would want. I think Steve Parish has made that clear to Wilf and they've thrashed that side of it out.
“As a result it is not a major problem for me with Wilf coming back, having accepted the situation. The way he works here is just the same as it was. Since the first day he has been mature about it."