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(Image: GETTY)

The 32-year-old is having a tough campaign at Honda and is being replaced by Ducati ace Jorge Lorenzo next season.

His best finishes this term were fifth places at Le Mans and Barcelona.

However, he was way down the standings last week and finished a lowly 15th in Assen.

Hodgson claims a move to the Sepang owned-operation is definitely on the cards.

“Everything I’m hearing is that it’s a done deal,” he exclusively told Starsport.

“It’s going to be him and Franco Morbidelli.

“It’s a great move for Pedrosa. What it does for him is give him another opportunity.

(Image: GETTY)

“He’s had a fantastic career anyway and he’s not that old anyway. It’s not like he’s 40.

“Pedrosa has nothing to lose. It’s the chance to ride a Yamaha and see how he gets on.

“I’m sure it’ll be a big money deal anyway, so why not.”

Pedrosa confirmed he will make a formal announcement in Germany next Thursday.

(Image: DS)

"I have finally made a decision regarding my future," Pedrosa wrote in a statement.

"I want to be able to communicate it personally and to everyone at the same time.

"Therefore, at the Sachsenring I will hold a press conference to announce it.

“I hope that my decision to wait until then to make it public will be respected."

* Watch every moment of the MotoGP season exclusively live on BT Sport 2, with three full days of action every race weekend. Watch the German Grand Prix on Sunday 15st July from 1pm on BT Sport 2. For more info visit www.bt.com/sport