It comes after former Adelaide and Geelong player Ronnie Burns told the Marngrook Footy Show that Hodge was trying to recruit Rioli to the Queensland club.
But the former Hawthorn skipper has poured cold water on the prospect of Rioli pulling the boots back on.
“I was just as shocked as anyone else. I was lying at home and saw it on Twitter and it was the first I heard of it,” Hodge told Chanel Seven’s Game Day.
“I’m tipping Cyril’s back home enjoying some family time back in Darwin.
“Mind you, I’d love to see Cryil up there, but I can’t see it happening.”
Hodge added that he expects ex-skipper Dayne Beams to stay at the Lions despite being linked to a return to Melbourne.
“I guess in Melbourne you try to find a story anywhere,” he said.
“His wife is from Melbourne and he lost his father earlier in the year which was heartbreaking for him, but he’s contracted to 2020 and he’s been outstanding for us on field.
“From what I’ve seen I don’t have any indication of him going back. I could see him staying at Brisbane until the end of his contract.”