The Sun says City are expecting AC Milan to make a £24million bid for Balotelli - despite branding him 'a rotten apple'.
The comment from owner Silvio Berlusconi seemed to put an end to a move back home to Italy.
Balo's representative Mino Raiola said: "Mario was sorry to hear the words of Berlusconi.
"But Mario has asked me to be quiet because he appreciates that he is loved by the Manchester City president."
Balotelli, who turned up for training yesterday with a new bleached blond hairdo, is a lifelong Milan supporter - despite winning the Serie A title at Inter.