The Ivory Coast international has missed his side’s last five games after being forced off with a hamstring injury in the second-half of the 2-1 win over Newcastle United on February 2.
But the forward was back in training this week and is in contention to make the trip across the capital to take on Jose Mourinho’s side, who come into the fixture off the back of consecutive Premier League wins for the first time since November.
‘He has come back quicker than perhaps the medical staff thought was possible,’ Hodgson told a press conference on Friday.
‘He trained well this week so no reason why I can’t consider him for a place in the team.’
Palace have struggled for goals in Zaha’s absence, scoring just twice in the five matches he missed.
They do however come into the fixture off the back of goalless draw with Manchester United and a derby victory over Brighton, courtesy a late Christian Benteke winner.
Palace head into the weekend in 14th place.