Arsenal's Calum Chambers is expected to be one of three uncapped players included in England's first squad since the World Cup.
The defender, a £16m summer buy from Southampton, is likely to be called up alongside Tottenham's Danny Rose and Aston Villa midfielder Fabian Delph.
Wayne Rooney is favourite to be named as England's new captain when the squad is announced on Thursday.
Everton defender John Stones is also likely to be included in the squad.
England play a friendly against Norway at Wembley Stadium on 3 September and the opening match of their Euro 2016 qualifying campaign in Switzerland on 8 September.
The squad will be the first since Liverpool midfielder Steven Gerrard stepped down as captain and retired from international football in July and former Chelsea midfielder Frank Lampard's decision to quit the national team on Tuesday.
Stones' likely return to the squad comes after being named as one of England's stand-by players for the World Cup.
Rooney's likely promotion to captain follows just weeks after also being given the armband at Manchester United.
Hodgson is expected to announce his new captain and the rest of the squad at a 12:00 BST press conference.