The 22-year-old was told to find a new club this summer following the arrival of £74 million man Benjamin Sesko from RB Leipzig.
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Hojlund struggled to establish himself since joining Man United from Atalanta back in 2023, scoring 26 goals in his 95 appearances.
He has now returned to Italy, joining Serie A champions Napoli on loan for the remainder of the 2025-26 season.
It’s understood Antonio Conte’s side will pay a €6 million loan fee with a €44m buy option that would become mandatory if certain conditions are met.