Balotelli, 21, a self-confessed Milan fan, is a target for the Italian giants but will set any prospective suitor back the eye-watering figure, according to his agent.
The striker could not prevent Italy crashing to a 4-0 Euro 2012 final defeat to Spain on Sunday night but stole the limelight by scoring two superb goals in his national team's 2-1 triumph over Germany in the semi-finals of the tournament in Poland and Ukraine.
Down and out: Mario Balotelli reacted angrily to Italy's Euro 2012 defeat 'I have always said that Mario Balotelli is one player that could become the strongest in the world,' Balotelli's agent Mino Raiola told Sky Italia. 'He is probably amongst the strongest in Europe.
'How much is he worth? He is worth what the market says, he is one that can make a difference.
'In the actual market I don't think there is a value for him but if I had to give a price I would say he is worth 250million (euros).
Down and out: Mario Balotelli reacted angrily to Italy's Euro 2012 defeat 'I say this to give a figure but you would have to ask the City owner (Sheikh Mansour) how much he is worth.'
Raiola added that he could see no immediate return to Italy for Balotelli.
'I'm 200 per cent certain that Mario will not return to Italy at least while I'm his agent.'
Balotelli is under contract at the Etihad Stadium until June 2015.
The volatile front-man was reduced to tears in the wake of the Euro 2012 final. He endured a frustrating evening as Spain romped to a historic third successive major international tournament victory.
Firing blanks: Balotelli was unable to prevent Spain from running away with the trophy And unfortunately after the match the ugly side of his game came to the fore once more after the striker clashed with members of Italy's backroom staff.
Balotelli had had a splendid tournament until that point, most notably when he blasted Italy into Sunday's showpiece with a stunning double to down Germany.
However at the full-time whistle in Kiev, the Manchester City man made a beeline for the dressing room. He came up against resistance from senior figures and appeared to push one.
After several minutes, Balotelli could then be seen on his haunches in the centre of the pitch. He later collected his medal but broke down in tears as soon as he returned to the pitch.
Italy coach Cesare Prandelli says his player will emerge stronger from the shattering experience.
'I told Mario that these are experiences you have to deal with and have to accept,' said Prandelli. 'You have to hold your hands up and say the opponents were better, accept defeat.
'But you also have to make sure this helps you going forward and you can grow from the experience. This has happened to a number of players, and will happen again, but this is what sport is all about.'
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