However, Terry's decision to retire earlier this month has led to speculation that Ferdinand may now receive a call from Hodgson.
Despite being adamant that Hodgson has not ruled out the possibility of recalling 33-year-old Ferdinand, Neville has revealed that he will only be picked if the manager views him as part of his starting lineup.
"Roy Hodgson has already said that he will not take 34 and 35-year-olds to the World Cup and sit them in the stands," Neville told Sky Sports News. "I've seen that happen in previous squads and it's been divisive. It would be divisive in this squad so it is the correct decision.
"The door is not closed on Rio Ferdinand but he won't be sat in the stands. If he gets selected by Roy Hodgson he will be the first name on the team sheet."
Ferdinand has earned 81 caps for his country.