Hodgson said: "We haven't noticed any problems with Wayne's fitness levels. We've monitored it in training and he's looked very fit."
He added: "In the first game against Ukraine he didn't show any particular signs of lacking fitness. He played 120 minutes [against Italy].
"What you might be saying is that you are a bit disappointed with his performance and maybe thought he could have played better."
Rooney, 26, looked sluggish and out of touch in the game against Italy, but Hodgson defended him, saying: "His running stats in the training sessions and in the game were actually very good.
"Of course we put a lot of expectations on him. When he missed the first two games there was a suggestion we all believed that all we need to do is get to the third game and Wayne Rooney will win us the championship. That was maybe too much to ask of him. He certainly tried very hard.
"He didn't have his best game - I'm sure he will admit that.
"That could be down to a number of factors but I don't think the fitness itself was a particular factor."
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