Following a torrid spell with Manchester United, Zaha has successfully revived his career upon returning to Crystal Palace, and he played a big role in helping the Eagles stay afloat and avoid relegation this season.
Hodgson still has a soft spot for West Brom, and he says it will be hard on Sunday for himself and former Baggies favourites and current Palace backroom staff Steven Reid and Dean Kiely.
Wilfred Zaha has delivered a hammer blow to the transfer plans of a number of Premier League teams after he revealed that he has "no plans on leaving" Crystal Palace this summer. "This is my home and there's no reason for me to leave".
"I don't blame other clubs for coveting him, but I believe he will still be our player next season". "They are a very good club with fantastic fans".
Earlier this week, Zaha was named the Premier League's Player of the Month for April.
"Wilf knows exactly how we value him as a player and as a person because he's an important figure for us", Hodgson told Palace's website.
But the 25-year-old, who had an unsuccessful stint at Manchester United between his two spells with Palace, appears set on remaining at Selhurst Park.
"Once we get through game six, and next week once I've spoken to the chairman and the board of directors, then I'm in a clearer position where I can share the news, whatever that may be, with you".
Zaha has been the club's standout player in a campaign that looked doomed after four games when Dutch boss Frank De Boer was sacked having lost every match.