The Italian striker is tied to Manchester City until 2015 after joining the club in a big-money deal from Inter Milan last summer.
Speculation over his future continued throughout Balotelli's first season in the Premier League and he has now admitted that he still suffers from homesickness.
While the 20-year-old maintains that he has no problem with manager Roberto Mancini or his team-mates, it is living in Manchester that he does not enjoy.
"I am not well in Manchester, I don't like the city," Balotelli told Sky Sport Italia.
"I'm happy with the coach and within the team, but you can't have everything in life.
"I don't miss Milan, I miss Brescia, my home. I miss my family and my friends, but I think this experience in England will help me grow as an individual."
Balotelli is refusing to make any guarantees about how long he will remain at the Etihad Stadium and admits he would consider joining Inter's rivals AC Milan at some point in the future.
"I don't know if I will stay until the end of my contract," he added. "I'm here for now and then we'll see."
"AC Milan? It's a great club, one day it could happen."
Source: Team Talk
Source: Team Talk