The Eagles became the first top flight English side to lose their opening six games of the campaign and it looked as though they would go down without so much as whimper.
But in Hodgson Palace appointed a manager with a proven track record in the Premier League and he has slowly transformed their form.
They now sit outside of the drop zone and are looking at clubs above them in the table instead of those below.
However, the Eagles are nowhere near safe yet and that is why the January transfer window could prove vital in their bid to survive.
Palace haven't been afraid to spend money in the past and did so in the summer to bring in Mamadou Sakho from Liverpool for around £30million.
So if the right player is available then Hodgson may wish to spend, and spend big.
So in order to get a handle on what Eagles fans are thinking ahead of the transfer window opening on January 1, we canvassed the opinion of Chris Windsor from the FYP Fanzine and podcast.
Which areas do Crystal Palace need to strengthen in January and why?
Striker. An injury to Christian Benteke left us without a recognised Premier League striker for long period at the season and with Hodgson favouring 4-4-2 it would allow Wilfried Zaha to revert to his natural wing position.
Name three realistic transfer targets you would like Palace to sign in January and who should they replace in your starting XI?
We've been linked with him in the past and a short-term loan move for Olivier Giroud could be ideal in January.
He could provide an alternative big option up top to Benteke – especially with Connor Wickham's return date unknown – and it would give him minutes ahead of the World Cup.
What is your number one fear for January?
The departure of one of the key players in the recent resurgence. Zaha, James Tomkins and Benteke have all been linked with moves away and it would be a big worry to lose key players with the squad already thin.
Whilst deadwood may need to be cleared out to create transfer revenue, it could be disastrous to lose members of the starting XI
What would your dream January transfer window look like?
Signing a new first-choice goalkeeper, bringing in another winger to bolster the squad and making sure the current first-teamers are still taking to the pitch in Palace colours come the first weekend in February.
Would like the Zaha rumours to quietly disappear, too, and the paper talk to be about improving side as opposed to trying to replace departing stars.