Balotelli is on his way out of the San Siro.
AC Milan striker Mario Balotelli is set to leave the San Siro this summer and has put Arsenal and Chelsea on alert as a result, according to the Mirror.
Balotelli returned to Italy in January 2013 following two-and-a-half eventful years with Manchester City, but has struggled to truly settle back in Milan during that time.
With both the Gunners and the Blues looking for support in attack they have been keeping a close eye on developments concerning the 23-year-old.
It was thought that Galatasaray would make a move for Balotelli as a replacement for the departing Didier Drogba, but the club’s president Unal Aysal has ruled out the move.
It would have given the opportunity for the forward to link back up with manager Roberto Mancini, whom the Italy international worked with at both City and Inter Milan before that.
Yet with Gala out of the running it gives the London duo the opportunity to capitalise and Balotelli could be available at a reduced rate due to Milan’s financial problems.
The Italian has also worked with Jose Mourinho before – when the pair were both at Inter – and has openly admitted he would like to work with the 51-year-old again.
“Of course I would like to play under Jose again,” Balotelli was quoted by Sky Sports.
“It is never boring playing under Jose. When you are in Mourinho’s team it is a family and he coaches on the principal that if all is well with the family it doesn’t matter what is going on outside the team.”
Balotelli has been in good form since signing for Milan 18 months ago, scoring 30 goals in 54 appearances in all competitions.
READ MORE: Arsenal transfer news.