Balotelli is set to seek a return to the Serie A after two strong seasons in Ligue 1, with his contract expiring at the end of the campaign.
Balotelli himself pointed to Juventus and Napoli as teams he would like to join, but Juve distanced themselves from the 27-year-old.
"Balotelli? It's great to watch him play, he's a great player, but we aren't following him at this moment," he told Mediaset Premium .
"I repeat, he's an important player and he could be useful to the national team in the near future."
Balotelli has scored 39 goals in 58 games in all competitions for Nice.