The Denmark international has endured a difficult campaign with the Red Devils and he has netted just three league goals so far.
Hojlund's future is hanging in the balance as a result. The club are hot on the trail of Matheus Cunha who could replace him upfront.
Meanwhile, reports claim that the Bianconeri are exploring a deal for the 22-year-old and have already taken concrete steps to land him.
Talks are underway with the player's representatives and the Turin giants could soon open negotiations with United over a transfer.
Juventus are presently occupying the fourth spot in Serie A, but they are just ahead of Roma and Lazio on goal difference as of now.
Bologna are also just one point behind them and Champions League football is far from guaranteed with three games to play.
If Juventus miss out on the competition, they are likely to propose a loan for Hojlund with a buy obligation rather than a cash deal.