Balotelli joined City from Inter Milan in a £24million deal in 2010.
Reports claim Balotelli’s off-field antics are causing City boss Roberto Mancini some frustration.
Inter Milan have hinted that they could make a move for the Italian striker this summer.
“Balotelli? We are now thinking about Fredy Guarin’s press conference and the upcoming match against Cagliari,” Inter Milan’s technical director Marco Branca told La Gazzetta dello Sport.
“We will talk about that in one or two months.”