The Northern Irishman has been presented as the new Reds manager after the Merseyside club settled on a compensation package with Swansea. But he will not be able to raid his former club for talent over the next year.
"We have got some protection on Brendan coming back for our players in the initial period, which I think is the right thing," Jenkins told talkSPORT.
"He has got a timescale to assess things there and that is going to take him a while so I've got no worries there. We have got a 12-month respite."
Jenkins admitted his disappointment at losing Rodgers, who guided the Swans to the Premier League and then to an 11th-placed finish in the top flight last term.
"We are obviously very, very disappointed that we lost Brendan but things move on," he told Sky Sports News. "I think that naturally he has got massive belief in his ability and he felt that if he was the right candidate he would go forward.
"Obviously my only loyalty is to my football club and when we had Brendan working with us we wanted him for some years to come but the reality is that everyone has ambition and sometimes that ambition has to be realised."
Jenkins claimed the pair parted company amicably, adding: "We have got a good relationship, we have dealt with it in the right way with Brendan and Liverpool."
Wigan manager Roberto Martinez was heavily linked with the Liverpool job before Rodgers emerged as the Reds' first choice in the selection process.
"I obviously can't comment on what the process was. I think it was a public process and they have handled their affairs slightly different than we would but that is their job," Jenkins said. "Our focus now is about moving on and making sure our club is right and ready for the season ahead."