"I got the call from Roy and agree England team should be about the young players," the 33-year-old Cole told his Twitter followers yesterday.
"We have a great manager and team and I wish them only success. I will be supporting them like a true fan. Thanks to everyone for everything," the 107-times capped Cole added ahead of Hodgson's official squad announcement today.
Cole's words indicated his failure to hold down a regular first-team spot at Chelsea this season, where he has been displaced by Spain's Cesar Azpilicueta, had cost him his England career.
"#Baines and #shaw are great players, proved this season, and are the future of this country, it was a pleasure to get #107 caps #eng," added Cole, who earlier on Sunday started in Chelsea's final league game of the season, a 2-1 victory away to already-relegated Cardiff, on Twitter.
Former Arsenal defender Cole made his international debut against Albania in 2001 and has been an England regular ever since, starting every tournament game since his finals bow against Sweden at the 2002 World Cup.