The experienced coach took the Anfield hotseat over the summer in the knowledge that the club could fall under new ownership during his tenure.
It appears as though the Reds are now closing on such a deal, with the owners of the Boston Red Sox baseball team seeing a £300m bid accepted.
There are still a number of issues to resolve before an agreement can be pushed through, but the Liverpool board are confident a takeover will be completed.
Such an event cannot come soon enough for the faltering Reds, with a torrid opening to the 2010/11 campaign having them languishing in the Barclays Premier League relegation zone.
RIGHT PERSON
The slow start has seen pressure mount on Hodgson, just a few months into his reign on Merseyside.
The former Fulham manager has, however, been informed by club chairman Martin Broughton that the prospective new owners still regard him as the ideal candidate to lead the side into an exciting new future.
"They are very happy that this manager is the right person to take this club forward," said Broughton.
"They talk enthusiastically about winning and investing in the team, stadium development and doing all the right things.
"I think they are going to be pretty hands-on and they have a track record of that."
