He wants the statue to emulate his pose after scoring in the Euros last summer against Germany.
"I received the commission, but have never actually met Balotelli, so I am working from photographs," local artist Livio Scarpella told Il Giornale di Brescia newspaper.
"I presented various sketches, but Mario wanted to be immortalised in the pose after a goal: muscles in evidence and an expression to challenge the opponents.
"I imagined him as an athlete from ancient times. The statue will be between the classic and pop style, in platinum and coloured bronze with the eyes made of precious stones."