The Spain striker, who has been strongly linked with a move to Barcelona this summer, has welcomed the appointment of former Fulham boss Hodgson as Rafael Benitez's successor on Merseyside.
Torres, still involved in the World Cup where Spain face Germany in the semi-finals, said: "I was happy he (Hodgson) got the job. I haven't had a chat with him yet but I will talk with him soon and we will see his ideas about the future.
"For now, my future is here. South Africa and the World Cup is too important to think about things after that.
"I have a very important week still here and after that I will have time to talk with him and talk about my future."
Torres has faith in Hodgson to help revive Liverpool after a poor season in which they finished seventh in the Premier League and failed to qualify for the Champions League.
"He did really well at Fulham and I am sure he can do better for Liverpool," continued Torres. "He is a very good manager. He showed that in the past and in the last season with Fulham.
"Hopefully he will be the right man to give Liverpool the opportunity to be strong again."
Torres will pick the brains of Steven Gerrard and Jamie Carragher in trying to plot Germany's downfall in what will be Spain's first ever World Cup semi-final.
The Reds duo were part of the England squad defeated 4-1 by Germany in the last 16.
He said: "Germany have not surprised me. I am a big fan of German football. I know all of their players.
"I think the German people weren't expecting them to play as good as they have been playing.
"But I was sure they would always be there or thereabouts. They are always in the final or semi-finals.
"They are a very good team. I have spoken to Stevie and Jamie, not about Germany - but I am sure in the next few days I will."
Torres admits he has not been at his best during the finals after undergoing ankle surgery beforehand and is still searching for his first goal.
But he still believes he has made a worthwhile contribution in tandem with five-goal David Villa and is improving game by game.
He said: "It is a difficult tournament for me because my fitness is not the best but I am improving every game.
"I am happy for the things I did in the game against Paraguay in the quarter-finals and in the last game as well.
"I am feeling better but I still have to improve - obviously.
"I have to accept my role in this tournament. I didn't arrive in the best moment especially in terms of fitness especially after two lots of surgery.
"But I am happy with the things I am doing and hopefully the manager and the team as well."