The defence, protecting established number one Joe Hart, has remained unchanged throughout the tournament, while Scott Parker and Steven Gerrard have dovetailed well in the heart of midfield.
Wayne Rooney is certain to start in attack and is expected to be partnered by Manchester United team-mate Danny Welbeck, meaning the only real intrigue lies in who will be asked to play in the wide positions in midfield.
Ashley Young and James Milner have started on the flanks in the past two games - Milner also played on the right in the opener against France while Young performed in a central role - yet neither player has fully convinced so far.
At left midfield, Young's performances have been unimpressive and Hodgson has already shown he has great faith in Alex Oxlade-Chamberlain by starting the 18-year-old in England's first game and bringing him on as a substitute in the next two.
According to Castrol Edge performance analysis, Young is arguably the stronger option. Neither player has made any impact in terms of their shooting, yet Young has a greater pass completion percentage in the final third.
The competition for places is more intense on the right. Milner performs a very specific role in Hodgson's team: he runs and runs and runs, helping to protect Glen Johnson at right-back and bringing industry to a side light on inspiration.
Walcott offers something far different. Angered by the fact he played for just a couple of minutes in the opener against France, he came off the bench to change the game against Sweden, smashing home a shot from outside the box and then supplying the assist for Welbeck's winner.
The Castrol Edge Performance stats reflect the fact that Walcott has more of an impact in the final third. However, Milner also makes a tackle every 36.8 minutes, winning 100 per cent of them.
Who do you think should play on the wings for England against Italy? Let us know in the comments form below.