In a medium-sized mixing bowl, combine the softened cream cheese and powdered sugar. Using a hand mixer or stand mixer on medium speed, beat the mixture until it’s smooth and creamy. Make sure there are no lumps - this will give your dip that velvety texture.

Add the Nutella and continue to beat on low speed until the chocolate hazelnut spread is fully incorporated. The mixture should be smooth, thick, and have a rich, chocolatey color.

Gently fold the thawed whipped topping into the Nutella mixture. Use a spatula to incorporate it without deflating the airy texture. Keep folding until the dip is light, fluffy, and uniformly blended.

Transfer the dip into a serving bowl, smoothing the top with the back of a spoon. Sprinkle the mini chocolate chips evenly over the surface for a bit of texture and a pop of extra chocolate flavor.

Cover the bowl with plastic wrap and refrigerate for at least an hour to let the flavors meld and the dip set. When you’re ready to serve, pair it with your favorite dippers like pretzels, fresh fruit, or cookies.