The Nerazzurri supremo has said that the club will not try to buy the striker back from the Citizens, admitting he is not surprised by the player's recent problems
The 21-year-old appears be on his way out of City following new disciplinary problems, with coach Roberto Mancini stating that the club would "probably" try to sell the player in the summer.
Balotelli is set for a three-match suspension for his red card against Arsenal at the weekend after the Football Association announced that the Italian would not face further action for his challenge on Alex Song.
This means that Balotelli could return to action before the end of the month, but Mancini has said that the striker will not play again this season.
Inter technical director Marco Branca admitted last week that the club would ponder a move for Balotelli in June, but Moratti has ruled out the possibility of moving for the controversial player.
"Balotelli? He is not in our plans," Moratti told reporters. "For now he is at City, we have followed what has happened, he is always the same.
"He is a great player from a technical point of view, but we have not made any move for him, and he is honestly not part of our plans."
Balotelli, who signed for Inter in 2006, moved to City in 2010 in a reported €22 million deal.