Manchester City ace Balotelli ended the Euros as the joint top scorer thanks to his three strikes which included a stunning brace for Italy against Germany in the semi-finals.
"Mamma mia, Balotelli is potentially a phenomenon," the Udinese striker told the Gazzetta dello Sport. "He has pace, power and an incredible right foot.
"He needs to play a bit more for the team and needs to improve in his off-the-ball movement, but if he understands the qualities he has then he can win the Ballon d'Or.
"I spoke to him a lot during the tournament and he asked me a lot of questions because he said that I know where the goal is.
"Goals are what are on his mind "