Ferdinand gets his recall at the age of 34, 21 months after his last match for his country when Hodgson insisted he was dropped for "footballing reasons". He is now set to be a key figure when England take on San Marino and Montenegro in crucial World Cup qualifiers later this month.
Ferdinand and Cole clashed after the John Terry race row when the former endorsed a tweet which referred to Cole as a 'choc ice', a phrase understood to mean someone who is black on the outside but white on the inside. Hodgson, however, believes the pair can resurrect a defensive partnership for their country, saying: "They are very good friends from what I understand."
He added: "But we are talking about a football team here, not purely individuals. I would expect the pair of them to do their jobs for England, for Ashley to play as well as he can at left-back and for Rio to do his job at centre-back.
"I don't envisage any problems. If there are any I'll have to deal with them but I hope that the long-term friendship will re-emerge and any unfortunate incidents along the way will be quickly forgotten.
"At the moment he's (Ferdinand) in a rich vein of form. For me it was a no-brainer. We need a good centre-half, he is a good centre-half and he's playing well so I've selected him.
"It's not more complicated than that. There are no sinister reasons behind the selection or his lack of selection in the past."
Hodgson gave a strong hint that Ferdinand could have a prominent role to play against San Marino and Montenegro.
He said: "A player of Rio's calibre and Rio's age, you don't bring them into a squad as back-ups, you bring them into the squad or the team because you want them to make the team better, to give you a better chance of winning.
"So it wouldn't take too much guesswork to work out that he's in the squad in order to play rather than to make up the numbers."
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