As Goal.com exclusively revealed last month, the Reds were willing to listen to offers in excess of £40 million for the divisive Uruguayan even before his 10-match ban for biting Branislav Ivanovic.
Mancini is a long-term admirer of Suarez despite his numerous indiscretions and believes that, in terms of both ability and the controversy he attracts, the similarities with Balotelli are there for all to see.
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Balotelli departed Manchester for Milan for £25 million in January after a series of clashes with Mancini, and appears to have re-found his best form in his homeland.
But the City boss is keen on casting his eye towards Serie A for further recruits this summer, with Roma's Brazilian defender Marquinhos high on his list.
"Marquinhos I really like, but I do not think that Rome is willing to sell," he added. "With just two signings next year the Giallorossi can win the Scudetto."