The Italian international has had an up and down career with the Rossoneri since arriving from English Premier League side Manchester City in January 2013 and has been linked with an exit from the San Siro this summer.
Despite the rumours Il Quotidiano Sportivo report that Milan will not allow Balotelli to go for anything less than €18m.
Arsenal and Monaco have both been linked with the Italian’s services throughout the course of the summer.
Balotelli scored one goal in Italy’s three World Cup matches, but came under scrutiny as the Azzurri bowed out of the tournament in the group stage for the second consecutive World Cup.
Balotelli scored 14 goals in 30 games for Milan last season while adding six assists.
Follow Drew Farmer on Twitter @CalcioFarmer
