The show, which has no firm transmission date, will air weekday evenings at 10pm and sources suggest that the channel will pick up the series from The Dog explosion, which aired in the UK in September.
One revealed to Digital Spy: "There was a natural break in the storylines that aired in the UK in the last quarter of 2006, so it's looking likely that it'll pick it up from there."
Sean Marley, Managing Director of Hollyoaks' production company Lime Pictures, told DS: "I am delighted that BBC America have decided to buy Hollyoaks and am sure the American audience will love the show. It's a great move for Hollyoaks and for Lime Pictures."
Hollyoaks is one of a variety of shows bought by BBC America in its recent revamp.
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