Ausilio was in England on the weekend, sparking rumours of talks with City over a deal to bring Balotelli back to Inter in January.
"I went to England to see two good games, which I enjoyed and I caught up with some colleagues, but I did not go to see any player in particular.
"Balotelli? Not to sound obvious, but at the moment we are not doing assessments on players from other clubs that may be right for us in the market. Now we are working and considering the team we have and if we see a weakness then will we move for something."