Hjulmand is only in his first season at the Estadio Jose Alvalade, following a summer move from Lecce, but he already looks set to move on at the end of the campaign.
The Dane moved for €18m (£15.3m) from the Italian club prior to the start of the season, earning the Gialloblu a healthy profit, two-and-a-half years after moving from Admira in Austria.
As is so often the case with players at Sporting though, Hjulmand is set to move on for a huge fee following a fine debut season in midfield with the current Portuguese league leaders.
The 24-year-old has made 37 appearances across all competitions so far, missing just one league fixture since his arrival from Serie A.
While Spurs had reportedly been in the running for the Danish international, Gianluca Di Marzio claims that they are no longer pursuing a move for the player.
The journalist appears confident that in-demand Sporting manager Ruben Amorim may take Hjulmand with him to wherever his next club may be.
With Xavi set to leave Barcelona at the end of the season, Amorim is one of the names linked with that job, as well as the upcoming vacant position at Liverpool.
Speaking to Tipsbladet, in Hjulmand's native Denmark, Di Marzio revealed: «Hjulmand can follow Amorim wherever he will go, so we will have to wait to see where Hjulmand will go.
»Amorim likes Hjulmand a lot, so wherever he goes, Hjulmand could very likely join him. Barcelona is watching him, and Tottenham was linked to him previously, but Tottenham are not interested in Hjulmand."
Arsenal have also been linked with the player, and one interesting development that has transpired recently regarding
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