However, Goal claim the striker is now closing in on a move to Nice after travelling to the French club to discuss a deal.
The report claims that although he has travelled to the French club, no agreement has yet been met.
When asked about a move for Balotelli, Nice boss Lucien Favre said: “I don't know him personally, but if he runs and wants to help the youngsters, then why not?
Mario Balotelli - Spotlight On
Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
"If he doesn't want to run, then there's no way he'll come here."
Balotelli joined Liverpool for £16million two years ago from AC Milan.
But he scored just one Premier League goal for the Reds and spent last season back at Milan on loan.