According to TuttoSport, none of the clubs want Liverpool striker Mario Balotelli. At least not in Europe.
A recent article from the media reported that Liverpool are looking to terminate the contract with Mario Balotelli because the Merseyside club does not want to handle him anymore. If Liverpool terminates the contract they would probably have to pay him compensation for the remaining time left on the deal but the club seems to be ok to do that.
AC Milan, the club where he is on loan at present, is a bit more compassionate towards the player and are willing to give him a few chances but the player has not been taking them. Mario Balotelli has scored only 3 goals in 18 appearances for Milan and that is just not good enough for a striker playing at this level. While he has had his flashes of brilliance he also has been struck with injury this season and has halted his progress. Some Chinese clubs are reported to be interested in his services, though.