Both Toussaint, who gained 1,041 yards last season, and Clark had been suspended for the No. 8 Wolverines' season-opening 41-14 loss to No. 2 Alabama.
"They are both going to play this week," Hoke said.
"It was tough," Toussaint said Tuesday in his first public comments since the arrest. "I respect the coaches' decision but I feel like I let my team down and taking things day by day to improve on that."
At the time, Hoke had called it a one-game suspension, however the legal issues that got them suspended were separate.
Toussaint pleaded guilty last Tuesday to operating while visually impaired, a lesser charge than his initial operating while intoxicated charge. He is scheduled to be sentenced in October.
"I made a bad decision," Toussaint said. "I let my team down. I wasn't accountable and I wasn't trustworthy."
Clark's case remained unresolved publicly Monday.
He has been charged with second-degree home invasion, a felony in Michigan, after allegedly taking a MacBook Air laptop from a Stockwell Hall dormitory room.
"He's paid a lot of consequences internally," Hoke said of deciding to play Clark.
When asked to further explain how he came to the decision -- Clark is scheduled to be in court again on Sept. 11 on the charges -- the coach did not delve too much into specifics of his decision.
Clark, a sophomore, is listed as a backup to starting defensive end Jibreel Black on the depth chart.
"I don't need to take you through the process," Hoke said. "I just resolved it."