The former Manchester City man has been linked with the Gunners.
"Balotelli doesn't strike me as an Arsene Wenger sort of player," Smith told talkSPORT. "He's someone who commands the headlines and there's always something going on with him off the field.
"He's a great player on his day but, for me, he doesn't have enough of them. I just can't see him at Arsenal.
"Wenger will be bringing in a striker this summer, hopefully a very good one. There are a few out there at the moment, just look at the likes of Mandzukic. But Balotelli? I don't think so."
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