The 21-year-old striker scored 17 goals in 32 appearances in his second season with City after moving to the English top flight in a €22m (£18m) transfer from Internazionale in 2010.
City boss Roberto Mancini rubbished speculation suggesting he was looking to offload Balotelli to AC Milan as part of a deal to sign defender Thiago Silva earlier this week.
And although Balotelli insisted he is only focused on Italy’s Euro 2012 campaign, the controversial striker stressed that he expects be at the Eastlands outfit next season.
“At the moment I’m thinking only of the Italian national team – the transfer market is not my business,” said Balotelli.
“As I already said, I want to stay at Manchester City and that’s what will happen. It’s not a trick of my agent – I repeat I will stay at Manchester City.”
Balotelli hit out at the English media for giving too much attention to his private life.
“In England, they write only of the off pitch situation,” added Balotelli.
“They invent a lot too. They want me to be the bad boy but it doesn’t matter because those who matter know exactly what I’m like, and I’m not the person the tabloids are describing.”
Balotelli is part of Cesare Prandelli’s 32-man provisional Italy squad for Euro 2012, with the four-time World Cup winners in a difficult group alongside Croatia, Republic of Ireland and holders Spain.
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