Liverpool have announced that they have agreed terms with Barcelona over the sale of Javier Mascherano.
Mascherano, 26, has been desperate to leave Anfield due to family reasons, and he has refused to play in Liverpool's last two games as he looks to force through a move.
Inter have also made an approach for the Argentina captain, but Hodgson said on Thursday night that he considered the offer to be derisory.
It is claimed that Inter offered just £6 million plus former Portsmouth midfielder Sulley Muntari.
Liverpool have now confirmed that they have agreed a fee with Barca, reported to be an initial €16 million rising to a potential €22 million.
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