Wilshere, 21, has been dogged by ankle problems for over two years and faces renewed competition at the Emirates Stadium following Arsenal's club-record acquisition of German playmaker Mesut Ozil.
Ozil's arrival, coupled with the stunning form of Aaron Ramsey, has seen Wilshere exiled to an unfamiliar left-wing role, and he was dropped to the bench for the mid-week victory over Napoli in the UEFA Champions League.
Hodgson, however, says that the tenacious and technically refined central midfielder remains a pivotal part of his plans.
"He's in an Arsenal team at the moment where the competition for places in midfield is very strong anyway and will be even stronger when (Santi) Cazorla gets fit," Hodgson said, whose squad will assemble on Monday to prepare for their final two FIFA World Cup™ qualifiers.
"But he's an important cog in our midfield thinking. I don't have any concerns for him.
"I believe in him, I think he's a very good player, and I'm hoping that he'll turn up on Monday fully fit to play and then it'll be up to me to decide whether I want to put him in the starting line-up."
England tackle Montenegro at Wembley Stadium on Friday before facing Poland at the same venue four days later, with six points required to guarantee a place at next year's World Cup in Brazil.