The Celtic boss has admitted that the fact Forster plays his football in the SPFL has made his task of getting into the England set-up all the more difficult. But he fully anticipates that the 25-year-old will develop into a first-choice goalkeeper for his country in the coming years.
Forster has managed to get himself into Hodgson's squad over the last year, but as of yet he is uncapped.
Given the current dip in form Joe Hart is suffering from and the fact that Forster excelled yet again in the demanding environment of the Champions League this week, there had been a growing clamour for Forster to be handed the gloves.
England play Montenegro and Poland over the next 10 days, but given Hodgson's comments to the English media, Hart is likely to stay between the sticks for both games.
While Lennon has every faith in Forster and his potential to be respected at the highest level of international football, he can understand where Hodgson is coming from.
"The fact he is in and on the cusp of playing is as good as it gets at the minute," said the Celtic manager. "I understand Roy's view on it, they have two crucial games and all international managers want continuity.
"What would it do to Joe Hart if he dropped him for those two games? I remember Steve McClaren throwing in Scott Carson in a big game against Croatia and that backfired on him so maybe that's in his mind.
"But Fraser's time is going to come, there is no question of that. Regardless of form I don't think there is going to be anyone to stop him eventually taking over as No.1 because he's got the lot really."
That Forster has put himself in contention for the England No.1 position says much about the player's form over the last 18 months where he has excelled for Celtic, particularly in Europe.
This time last year few English pundits or observers would have taken his international ambitions particularly seriously, yet this week there were a number of those based south of the border who called for Forster to be given his chance.
Lennon is in no doubt the keeper would have been at the forefront far earlier had he not been based in Scotland.
"It's brilliant for him," said the Northern Irishman. "Let's not beat about the bush, if he was playing in the Barclays Premier League would he be playing? Would he have more support? He probably would.
"So for him to be playing in Scottish football and to be taking on the England No.1 challenge speaks volumes for where he is at the moment and his talent.
"It maybe coincides with Joe having a little bit of a dip in form but Joe is a top goalkeeper. I can understand Roy's take on it and Fraser just has to keep focusing on what he's doing because he's obviously doing something right here."
Forster was the subject of interest from Benfica this summer, with Celtic swiftly warning the Portuguese side off making any moves for the stopper.
His manager has admitted that Forster was unsettled during the transfer window, and ultimately admits the 25-year-old may well move on from Celtic in the not too distant future.
The Spanish media suggested this week Forster could be a replacement for Victor Valdes this summer and, ultimately, it could reach the stage, as it did with Victor Wanyama, that Celtic receive an offer they cannot turn down.
It will be to Celtic's benefit if Forster is capped for England since it would affirm that he doesn't need to leave the club to fulfil that particular ambition.
However, Lennon is well aware the player himself may also feel the need to play at the very highest level week in, week out.
"Maybe the kid has his own ambitions to play at a higher level on a more consistent basis. But there is no doubt that the move to Celtic has been very beneficial to us and to him," he said.
"It is flattering for him just now because praise is coming from high places. I see Gianluigi Buffon has been talking about him as well."
He went on: "I don't want it to be a short-term thing. I want him to have longevity and for people to be talking about him over the next four or five years rather than just over a Champions League campaign.
"But it is testimony to the way he has played over the last 18 months at the highest level.
"I did have a chat with him in pre-season. We were aware of interest in him but there was nothing concrete. It doesn't surprise me because he is such a huge asset that he is going to be on the radar of a lot of clubs.
"We had to settle him down a bit because the transfer window is always an unsettling period for the players and for me as a manager.
"He is in a good place just now and it shows the importance of having Champions League football, not just for the development of the players but for the club as well."
While Lennon has acknowledged that Forster's long-term future may lie elsewhere, he has also pointed out that there are many who have turned their backs on Celtic and had sufficient cause to regret the move.
"If you look at some other players who have left they are maybe looking over their shoulder and regretting what they have done," said the Celtic manager.
"I know Fraser is happy here but I don't have a crystal ball. And we may get an offer that we can't refuse. "