Reports in Italy claimed City executives were in Milan on Friday to negotiate a deal for the Italian striker.
"I promise I know nothing," Moratti said on the club's official website.
"I have no information regarding that (meeting). I had other things I had to do in the past few hours."
When asked if Balotelli is a target of City, Moratti said: "I imagine so but don't ask me because for the time being I have no information."
Balotelli, 19, is under contract for another three seasons with the Italian champions and has also been linked with Manchester United.
Source: PA
Source: PA