The striker, signed in January from Manchester City, has been linked with a move after a number of statements from his agent Mino Raiola.
“There is absolutely no problem with Balotelli,” the official noted on Wednesday. “Mario will continue to be our star. He is not going anywhere.
“He is a fascinating individual with global appeal. He will stay with Milan because he is happy here and has a long contract with the club.”
Allegri, on the other hand, doesn’t seeing as his present deal will expire in the summer. There are even claims that he could soon be axed if the Diavolo continue to struggle.
“Allegri will continue as coach,” Galliani added. “At the end of the season we will analyse the situation as we always do.
“We are still in three competitions and all three of them can qualify you for Europe.”
Galliani was left angered at the weekend by the 3-2 loss at Parma, a defeat which was secured by a controversial Marco Parolo free-kick.
“In reference to what happened at Parma and the eight metres that they gained, I have also spoken to Riccardo Montolivo.
“I told him that he was captain and he should do more to make sure that free-kicks are taken from where they are given.
“The fault lies with the referee. The captain has responsibilities and must keep these incidents under control during the match.”
The official also dismissed speculation that, after Inter, Milan could also sell a share of the club to foreign investors.
“If it were true, I would know about it and there are no on-going negotiations with regards to selling the club.
“We have balanced the books and there is no need to sell the club.”
Milan entertain Lazio in Serie A on Wednesday evening.
- Sports & Recreation