Dr Steven Peters has worked with reigning world snooker champion Ronnie O'Sullivan as well as some of the country's cyclists and is currently working with Liverpool.
And speaking at a press conference ahead of England's friendly with Denmark at Wembley on Wednesday, the England manager revealed he is delighted to secure the services of Dr Peters.
"Yes we are (bringing a sports psychiatrist in)," Hodgson said. "It's not just any psychologist either, it's Dr Steve Peters who is a very famous man in that area.
"He has a great CV of working in different sports and has been doing some work with Liverpool and Brendan Rodgers so Steve knows him quite well.
"It is something we have spoken about for some time but we wanted to get the right man - luckily Brendan let me talk to Steve and he has accepted our invitations so we are happy with that."
England captain Steven Gerrard revealed he has known Dr Peters in a professional capacity since 2010.
"He's helped me an awful lot from a personal point of view," Gerrard said. "I've been seeing Steve for three years even though he's only been at the club for a year.
"I first saw him when I had a big groin problem back in 2010 - I had a groin avulsion where it had come off the bone. I feared for my career so I went to see him in a one-on-one situation a couple of times.
"I really liked the work he did with me so I went back to see him a couple of times and I have seen an awful lot more of him since he has been with Liverpool.
"I feel as though he can help the players if the players buy into what he's trying to do."
Both Hodgson and Gerrard were involved in Tuesday's team meeting geared to the summer's World Cup, with preparations for Denmark kicking in on Wednesday.
Although he would not be drawn into the intricacies of the meeting, Hodgson said he was hoping to instill a family feel amongst his squad.
"It [the meeting] was heavily focused on Brazil and it was the only time to do that," he said.
"Part of the meeting was the obvious, about logistically what our plans are and where we are staying and for how long.
"What I said about the actual tournament was nothing spectacular but I don't think it is right to go out and broadcast those things.
"I like to think that sometimes in the world of football you can do things in the comfort of your own home, a dressing room or meeting room.
"You can speak to players and tell them quite frankly and honestly - like talking to family members - what is on your mind without finding out the next day a newspaper or TV company has broadcast your every word."