Hojlund, 22, has been told he can leave the club following the arrival of £74 million man Benjamin Sesko from RB Leipzig earlier in the summer.
The Denmark international has struggled since making the move from Atalanta back in 2023, scoring 26 goals in his 95 appearances.
Fulham have reportedly approached Manchester United over a potential deal for the striker, but Ruben Amorim’s side are reluctant to sanction the transfer.
According to The Independent, United are hoping to sell Hojlund to a foreign club rather than a Premier League rival.
Italian giants AC Milan have been heavily linked with a move, while Napoli are also said to be keen following Romelu Lukaku’s recent injury set back.