Bullard spent over a year on the sidelines with a dislocated kneecap and extensive cruciate ligament damage, sustained in September 2007.
But he returned in January 2008 and helped Fulham stay in the Premier League, before more impressive displays at the start of this campaign earned him a call-up for England's World Cup qualifiers in September.
And Hodgson believes Bullard should concentrate on maintaining that form rather than worrying about his future.
"He knows the most important thing for him is to play well enough to keep his place in the England set-up and to play well enough to help his beloved Fulham climb up the table," Hodgson explained.
"He knows what he's got to do, he's focused on it, we're happy that we've got him and we'll have him for at least the next two years. We'll worry about the new contract situation when the time comes."
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