The former Manchester City forward came under fire from the Italian press following Milan’s 5-1 aggregate defeat to Atletico Madrid in the Champions League last 16 tie on Tuesday.
Milan are set to miss out on European football next season, as they currently occupy 10th spot in Serie A.
They are already planning a summer clear out which will see Balotelli moved on, along with on loan duo Adel Taraabt and Michael Essien.
Balotelli was brought back to Italy last January, but has struggled to find consistent form at the San Siro.
He has managed only seven goals in 29 Champions League appearances, including two in eight this season, but that has not stopped Chelsea and Arsenal from being linked with a move for the controversial striker.
New boss Clarence Seedorf is also fighting for his future according to Gazzetta dello Sport.
Former Milan coach Arrigo Sacchi said: “This is not a team. They do not defend collectively and this just highlights the limitations of every individual player.
“In attack they have many soloists, but the style of football has no logic to it.”