Hart has been dropped from his position at Manchester City after a string of poor performances, but Hodgson has insisted that the 26-year-old remains first choice for his country.
The former Fulham boss told reporters: "Joe will definitely start one of the games, but I don't think that he will start both.
"I feel that it is important for me to look at the other two goalkeepers, but I haven't decided when and where just yet.
"Joe will start one of the games because he is our number one goalkeeper. I would say that it would be more likely against Germany rather than Chile, but that decision hasn't been made yet."
Hodgson has named a 28-man squad for the two friendlies, which will both take place at Wembley.