The Norwegian hit the 200 meter long hole and the ball rolled slowly, slowly towards the cup and went in with an emergency call.
Hovland made some awaited high fives before lifting his teammate Kevin Streelman and lifting him up in the air while they laughed at the classic TPC Sawgrass.
It was the eighth hole in one made on that particular hole.
It was 24-year-old Hovland's second hole in one in his career.
The competition was delayed due to rainy weather
Rainy weather has delayed the competition, which was to be played on Sunday.
Despite the hit, Hovland is only split 21st before the final round.
He is five strokes behind the unknown Indian Anirban Lahiri who leads.
The competition will be played ready during the evening.
Alex Norén is the best Swede who shared 43rd.
Henrik Norlander did not make the cut and Henrik Stenson jumped out of the competition with one hole left in the second round on Saturday.
The competition had then been broken due to darkness and Stenson had no opportunity to play over the two final rounds.