The Nigeria international has been in exemplary form of late after returning to fitness, and scored five goals in three games prior to West Brom’s 2-0 defeat to Manchester United on Sunday.
Arsenal are thought to be interested in the sprightly forward, and Hodgson is open to receiving offers for his star player.
“If we get one of those offers you can’t refuse, I’d be delighted to say, ‘Peter, you’ve shown what a great player you are — we can’t compete with this’,” he told The Sun.
“If one of the big four sides comes in, you can’t compete.
“You can earn huge money in Saudi Arabia or China, with no tax, but, no disrespect, these are not top leagues,” he concluded.
By Gareth McKnight