The Italian striker is currently on a loan spell from the Reds to the Rossoneri, but will likely be returning to Anfield at the end of the current season with no future on Merseyside.
According to TuttoSport, the Premier League side are interested in using the 25-year-old as a makeweight in a bid for Fiorentina’s attacking midfielder Josip Ilicic.
The Viola could be willing to consider the deal; however, an issue in the transfer is represented by Balotelli’s considerable wages, which currently amount to about €6 million per season.
The Italy international has made 20 Serie A appearances during his latest loan spell with the Rossoneri, scoring just one goal.
On the other hand, the 28-year-old Ilicic has played for the Viola 30 times throughout their Serie A campaign, scoring 13 goals in the process.