The 21-year-old has played 25 matches for Crystal Palace in the Premier League this season, nailing down his place in Hodgson’s starting line up.
Ole Gunnar Solskjaer announced on Friday that Antonio Valencia is set the depart Manchester United in the summer.
Diogo Dalot has continued his slow start to life at Old Trafford which has been interrupted by injuries.
Therefore it’s fairly likely that the Red Devils will be in the transfer market for a right-back this summer.
According to talkSPORT, Wan Bissaka joins Kalidou Koulibaly and Ivan Rakitic on a three-man summer shortlist.
But United may face stern competition for his signing seeing that his impressive performances are also said to have caught the eye of Arsenal, Chelsea, Manchester City and Tottenham.
His manager Hodgson though, has revealed the full-back is fully focused on improving his game as opposed to where his future lies.
“What I like about him is that he continues to work hard at his game, and the professionalism he shows,” Hodgson said on Friday.
“And the fact he has kept his feet so firmly on the ground when a lot of good things are being written or said about him, and there is the usual speculation when you have a good player, at a club at our level in the table.
“But for Aaron, it doesn’t seem to have bothered him with the speculation. He is happy to be with us and he has signed a long-term contract.
“He works hard at his game to make certain he keeps up that level of consistency and his work rate, and work ethic, with the necessary humility to continue to learn and grow, these are wonderful assets that he has that will make him in to a better and better player.”
Wan Bissaka just missed out on the London Football Awards Young Player of the Year prize earlier this week.
Hodgson added: “I thought he was unlucky not to win the award last night, but it was a strong category with Declan Rice, and he was a strong candidate too.”