Hodgson was at Old Trafford on Monday night to watch the stalemate between Manchester United and Chelsea and will have been impressed with a lively Wayne Rooney display in his first start for his club since April.
The players of England, two points behind Montenegro in Group H with a game in hand, will meet on Monday at St George's Park in preparation for hosting Moldova on Friday September 6 before travelling to Ukraine four days later.
Rooney started in England's thrilling 3-2 win over Scotland two weeks ago, but could be pushed for a starting spot because of the current form of Daniel Sturridge.
Tottenham's Jermain Defoe could make way for the Liverpool striker who has scored eight times in his last seven Premier League games - including the winner against Stoke and a stunning strike against Aston Villa.
With Hodgson opting to announce his squad unusually early, prior not just to a round of Premier League fixtures, but also midweek Capital One Cup and European games, he is expected to name a larger than usual party.
There should be room for Southampton's Rickie Lambert, who marked his debut with the winner against Scotland at Wembley, but one player set to miss out is West Brom keeper Ben Foster, who sustained an ankle injury in Saturday's draw at Everton.
The Football Association is also uncomfortable that matches between Arsenal and Tottenham, plus Liverpool and Manchester United, are both taking place on Sunday.
Stoke's Jack Butland hopes to get the nod ahead of Celtic's Fraser Forster to be England's No .3 with John Ruddy No. 2, while Joe Hart is still expected to start, despite some shaky form for Manchester City in their opening two games in the Premier League.
One other headache for Hodgson is the transfer window and it has been reported that Rooney and Everton's Leighton Baines will be excused from the England squad for one night if they do move clubs on Monday.
With speculation continuing over a possible move by Rooney to Chelsea and Baines to Old Trafford, the FA has taken a policy decision to allow any player involved in a transfer on September 2 to join the squad after negotiations have been completed.
Also hopeful of a call-up to the senior squad are Ross Barkley of Everton and Andros Townsend of Tottenham. Hodgson watched both over the weekend.
Follow the announcement of the England squad live on Sky Sports News from 3.30pm.