It looks as if his time with defending English Premier League champions Manchester City is coming to an end after his recent exploits on the pitch this season.
Balotelli has made 19 appearances in three different competitions for City this season and has only scored three goals.
The Italian forward made it on to the pitch for City's match against Watford in the third round of the FA Cup, but it was only a 20-minute appearance in the second half as a substitute after the match was decided.
The appearance against Watford was Balotelli's first in over a month, his last on-pitch appearance came in the Manchester derby on December 9.
Here are all the latest reports about where the Manchester City forward will end up during the January transfer window.
-Updated January 29, 12:30 p.m. ET-