You can add the image into a comment.
Right-click cell > Insert Comment > right-click on shaded (grey area) on outside of comment box > Format Comment > Colors and Lines > Fill > Color > Fill Effects > Picture > (Browse to picture) > Click OK
Image will appear on hover over.
Microsoft Office 365 (2019) introduced new things called comments and renamed the old comments as “notes”. Therefore in the steps above do New Note instead of Insert Comment. All other steps remain the same and the functionality still exists.
There is also a $20 product for Windows – Excel Image Assistant…
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