The Denmark international is said to be available from United for £30m this summer and a return to Serie A has been mooted.
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Former club Atalanta have been linked, though Il Corriere dello Sport says Milan are now making a serious push for the centre-forward.
Milan are keen to do business with United over a loan-to-buy deal for Hojlund. Milan rate Hojlund closer to £20-25m.
However, United prefer a straight sale as they need to ease Profit & Sustainability pressure.
