The striker, who made a positive impact at Euro 2012, has been brought back into the fold after a successful season on loan at West Ham.
Hodgson gave a first call-up to Reading goalkeeper Alex McCarthy, who has impressed in goal for Reading at the back end of the season and the 23-year-old has been rewarded with his first senior call-up.
Hodgson said McCarthy had deserved his chance after impressing for Reading since returning from an injury that ruled him out for the majority of the campaign.
He was in inspired form against Manchester City on Tuesday night, and Hodgson revealed the decision to select McCarthy had only been made in the past couple of days.
"I thought now with Alex having done so well in the games I've seen him play and in the reports I've received of his, this is a good chance to bring him in behind Joe Hart and Ben Foster," he said.
"We'll see how he copes with being in a senior squad. He deserves his place because he's played well."
Hodgson described Wayne Rooney and Frank Lampard as his two "captains-elect", as Steven Gerrard misses out to undergo shoulder surgery.
England face Republic of Ireland at Wembley on May 29, then face World Cup hosts Brazil in Rio de Janeiro on June 2.
Goalkeepers: Ben Foster (WBA), Joe Hart (Man City), Alex McCarthy (Reading)
Defenders: Leighton Baines (Everton), Gary Cahill (Chelsea), Ashley Cole (Chelsea), Phil Jagielka (Everton), Glen Johnson (Liverpool), Phil Jones (Man Utd), Joleon Lescott, Kyle Walker (Tottenham)
Midfielders: Michael Carrick (Man Utd), Tom Cleverley (Man Utd), Frank Lampard (Chelsea), James Milner (Man City), Alex Oxlade-Chamberlain (Arsenal), Theo Walcott (Arsenal)
Forwards: Andy Carroll (West Ham), Jermain Defoe (Tottenham), Wayne Rooney (Man Utd), Daniel Sturridge (Liverpool), Danny Welbeck (Man Utd)
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