Hojlund has found it challenging to establish himself at Manchester United since joining from Atalanta in 2023, scoring 26 goals in 95 appearances.
He is now returning to Italy, where he will play for Serie A champions Napoli on loan for the remainder of the 2025-26 season.
According to reports, Napoli will pay a €6 million loan fee, with an option to buy Hojlund for €44 million if certain conditions are met.