Balotelli has failed to settle down since completing a £16million switch from AC Milan last summer, and is yet to find the back of the net in the Premier League.
Brendan Rodgers had planned to pair the former Manchester City man with Daniel Sturridge following Luis Suarez's departure to Barcelona, but is now ready to part ways with Balotelli in order to focus on developing his new 3-4-3 formation.
According to reports, Lazio want Balotelli to return to the Serie A for the final six months of the season, and are even ready to pay as much as £2million for his signature.
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Mario Balotelli is close to leaving Liverpool
Balotelli has a number of teams chasing him this month, with Italian duo Juventus and Parma also keeping tabs on the situation.
Greek outfit Olympiakos are believed to have been rejected by Balotelli well over a week ago after offering a temporary sanctuary, but regardless of the striker's future for the remainder of the campaign, an early return for Lille forward Divock Origi looks unlikely.
Sturridge is on the verge of a return from injury, whilst Rickie Lambert, Fabio Borini and Raheem Sterling have all proved themselves capable of picking up the odd goal in recent times.
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