In a small sauce pan heat milk over medium heat until steam begins to rise from it. Remove from heat and add chocolate chips. Let sit for 1 minute. Once chocolate has softened whisk until smooth and creamy. If adding Frangelico mix in at this point. Set aside.

In a blender process hazelnuts on high for one minute. Pour melted chocolate into the mixer and blend for 1-2 more minutes until well combines. Scrape into a small bowl and let cool completely.

In a medium bowl mix cream cheese and sugar until smooth for 1-2 minutes. Add cooled chocolate/hazelnut mixture to cream cheese and beat well.

In a separate bowl whip heavy cream to medium peaks.

Fold whipped cream into chocolate mixture until well combined. Chill for 1 hour to overnight until ready to serve.

If chilled overnight stir well before serving to soften it up a bit. Top with chopped hazelnuts if desired.