Rooney and his international teammates are currently in Portugal for a pre-tournament training camp.
Despite the striker missing Manchester United's final three games of the season with a groin injury, Hodgson is happy with what he has seen so far from the 28-year-old.
"He is looking very good, very good indeed," Hodgson told reporters. "We try and individualise it a bit so in the session I did today I left a few senior players out but it is only a precaution because we are trying to make certain we do not put too much physical pressure on the players too early.
"It has been a very good few days. There is a long way to go but at least we have got off to a good start."
England play the first of three warm-up matches for the World Cup on May 30, when they welcome Peru to Wembley Stadium.