The Rossoneri want to keep the controversial Liverpool striker.
The Italian striker re-joined the Rossoneri on a season-long loan last summer, having failed to hit the heights expected of him following a £16 million move from the Italian giants in 2014.
His return has hardly been successful, with the former Manchester City man netting just one Serie A goal in 18 appearances so far this season.
Last week, Balotelli, as quoted by ESPN, claimed that he was not happy at Anfield, revealing that he had his heart set on staying with Milan.
And that wish might be closer to materialising amid reports from Gazzetta Dello Sport that the Italian giants will meet Liverpool officials at the end of the season to discuss the chances of keeping him for next season, whether it is on loan or on a permanent basis.
Liverpool will be desperate to wash their hands with the 25-year-old, whose contract at Anfield expires next summer. It simply has not worked out for the striker - who was signed by former Reds manager Brendan Rodgers - and current boss Jurgen Klopp is unlikely to see a long-term future for him in his plans.