Citizens eyeing double swoop for strike duo...
Balotelli continues to be linked with a move away from the San Siro, with a clutch of clubs reportedly interested, including Manchester United and Arsenal.
Dzeko's future, meanwhile, has been the subject of intense speculation for a while now, with the Premier League often mooted as a possible destination for the Bosnian.
"If Inter sells Balotelli, we'll be there," Mancini told Il Giornale.
"In Dzeko, City have more than a 'simple' interest. Dzeko and Balotelli together to Manchester City? It is a good idea!"
What such an idea might mean for the futures of the striking talents already at Eastlands remains to be seen, but departures look inevitable, with Paraguayan international Roque Santa Cruz perhaps the likeliest to be shown the door.
Meanhwile, Mancini has also backed England coach Fabio Capello after it was confirmed recently that he would remain as national team boss after the World Cup.
The City gaffer is in no doubt that the FA have made the right decision in retaining Capello's services.
"In my opinion England have the best national coach possible. He (Capello) is creating the basis for a solid team. The problem is not that, but another one," he said.
"In England you play too much.
"Capello already said that and so did (former England manager Sven-Goran) Eriksson.
"You cannot have them under pressure as is the case here.
"In the years of European Championships and World Cups, you need a winter break to catch your breath."
Mancini also believes that Frank Lampard's disallowed goal against Germany was the key moment for England in South Africa.
"I understand the disappointment but we cannot say England left a poor image," he added.
"That in 2010, you don't see that goal given, is not possible.
"Had that game been 2-2, it would have been a different story.
"England were starting to dominate."