The striker is currently a free agent after his experiences at Nice and Olympique Marseille.
A return to Serie A is possible, particularly as his hometown club Brescia just earned promotion to Serie A.
“I really like Balotelli, but I always said that he’s shown more weaknesses than strengths,” Cellino told Sky Sport Italia.
“We cannot afford him, he’s simply too expensive. If he wants to come and can offer us terms we can agree on, then we can talk about it. The thing is, we are interested in people who want love more than money. He’s the other way around”.
The 2019-20 Serie A fixture list was drawn up yesterday and in a remarkable twist of fate, Brescia begin their season against Cellino’s old club Cagliari.