Following a couple of weeks of negotiations Hodgson has finally been confirmed as manager on a three-year contract after Liverpool agreed to pay the Cottagers somewhere in the region of £2m to release him from his 12-month rolling contract.
Hodgson arrived at the club's Melwood training ground on Thursday morning to meet those players who had returned for the first day of pre-season, although many of the club's stars are still on leave after playing at the World Cup.
He will then give his first press conference at 1.30pm at Anfield on Thursday afternoon.
"This is the biggest job in club football and I'm honoured to be taking on the role of manager of Britain's most successful football club," said Hodgson. "I look forward to meeting the players and the supporters and getting down to work at Melwood."