Eriksen has seen his role reduced this season, while Hojlund has struggled for goals in the Premier League.
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However, Hjulmand told Ekstra Bladet: "I'm not that worried. I am very happy that Christian has been playing a few minutes lately.
It is extremely difficult to shine in a team that struggles to make the connection work. We know in this world that things can quickly go either way.
I am happy happy that they are both in a good condition. So in that way I'm not too worried about those two."