Hodgson are without a win since January 13 and are currently decimated by injury but remain out of the relegation places on goal difference and Hodgson's impact was sufficient to scoop the Manager of the Year prize at Thursday's prestigious London Football Awards.
His deal expires next summer but when asked about the prospect of signing a new contract, Hodgson told the London Evening Standard: “I wouldn't ask [chairman] Steve [Parish] to do that at the moment. I'd say to him: 'Look, I'm not going to be running away. If in a year's time, we are still where we are today and things are going as they are, the relationship is still good and you still think I'm the right man for the job, let's talk about it then'.
“I don't need to be tied up for longer periods of time. I didn't come to Crystal Palace to get long-term contracts. My long-term future financially is secure. I didn't need that. I came to do the job that needs to be done on a daily basis. All the time I want to do that job and Steve thinks I'm the right man, then we will continue. And when the day comes when one of us thinks it is not right, we'll shake hands and walk away.
“It is very much a day-to-day thing for me. At the age I am, and the career I've had, I'm not at Crystal Palace to make moves up the ladder.
“I was fortunate that I was given the job at the top of the ladder — I was asked to be England manager, I was there for four years so it is not a question of ambitions and desire.
“I'm not using Crystal Palace, nor is Ray [Lewington] as a stepping stone. We are just enjoying being there and hoping the job is appreciated by the players we work with every day, by Steve Parish and the fans. We've been really pleased by the reception we've got from everybody."