The Italian striker has joined Nice on a permanent deal but details are yet to be disclosed.
Balotelli, 26, departs Anfield after two years with the Reds which saw hi spend last season on loan with AC Milan.
— OGC Nice (@ogcnice) August 31, 2016
Liverpool's official website added:
“The Italy forward, who moved to Anfield in August 2014, has finalised a deadline day switch to the Ligue 1 side.
“Balotelli made 28 appearances and scored four goals for the Reds following his transfer from AC Milan, where he returned last term on a season-long loan.
“Everybody at Liverpool FC wishes Mario the best of luck in his future career."