The Three Lions face the Peruvians at Wembley in the first of three fixtures they will contest as part of their preparation for the World Cup.
And Hodgson said at his pre-match press conference on Thursday: "We have no injury concerns, although unfortunately yesterday Luke Shaw developed a slight cold.
"We are very cautious, so he travelled down separately and didn't train today.
"I couldn't tell you at this moment in time if he will recover for tomorrow, but it is a very minor issue that will quickly go over.
"Whether it will go over in time for him to take part tomorrow, I won't know until tomorrow morning."
- Sports & Recreation