England face Leonid Slutsky's Russians in the Group B opener in Marseille aiming to secure the victory that would put the team on the brink of qualification for the knockout stages with a win against Wales next Thursday.
And Hodgson is prepared to go with an attacking line-up and exploit the pace of Sterling alongside forwards Wayne Rooney and Harry Kane.
Sterling's selection is likely to come at the expense of Leicester City forward Jamie Vardy, who struggled to make an impression in a three man forward line against Portugal at Wembley last week.
Lallana's place in the team is set to see Jack Wilshere miss out on the starting XI, with Hodgson keen to use the Liverpool midfielder's ability out wide.
England fly to Marseille from their Chantilly base on Friday morning.
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