The teenager, who has established himself as one of the best young strikers in Italian football, is the subject of interest from the reigning La Liga champions.
Hojlund made 16 appearances thus far for Atalanta, contributing five goals and two assists.
Recent reports have linked Madrid with several strikers, and now Rasmus Hojlund is also an attractive target for the European champions.
So pursuing the Denmark international should keep Madrid in good stead. But the Serie A might demand a premium for the striker, considering he only joined the club last summer.
Hojlund has a contract at Atalanta until June 2027.