The club official says that all offers for the Italy international have been rejected as the player is only interested in moving to the Parc des PrincesPalermo vice-president Guglielmo Micciche has revealed that Federico Balzaretti will only leave the club for Paris Saint-Germain.
The 30-year-old has recently been linked with Juventus, Lazio and AC Milan after impressing for Italy at Euro 2012.
Micciche reckons that Balzaretti is in demand this summer but insists that the left-back is not interested in joining any other Italian club.
"We want to keep him, he always said that if he leaves Palermo, he will only join PSG," Micciche told Radio Kiss Kiss Napoli.
"Right now, that is not doable because PSG have not asked about him.
"Other clubs have expressed an interest, but their offers were rejected, because if he is not going to PSG then he will stay at Palermo."
With Balzaretti's contract due to expire in 2013, it has been suggested that the Sicilians are eager to sell the defender in order to prevent him from leaving for nothing next year.
"He is still on holiday after the Euros, but when he gets back, we will sit down with him and his agent to find an agreement over a new deal," Micciche added.
"There are no problems between [Palermo president Maurizio] Zamparini and Balzaretti's agent."