The Italy international says that there is no truth in the stories that he could leave the Rossoneri during the January transfer window and shot down a move to the French capital
The Stamford Bridge outfit are understood to be keeping tabs on the Italy international's situation at San Siro, with Jose Mourinho open to a reunion with a player he coached at Inter.
But, despite the Portuguese stating his desire to recruit a striker, Balotelli has no plans to move to west London just now.
However, Balotelli told Rai Sport: "They put out something about me every day. Nothing is true."
The Italy international also dismissed the prospect of a move to the Parc des Princes.
"Me to PSG? Absolutely not," Balotelli declared.
The 23-year-old attacker was speaking after being named in the Serie A Top 11 at the Gran Gala del Calcio Aic 2013 in Milan on Monday night.