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Manchester City have held talks with AC Milan and Juventus about the sale of striker Mario Balotelli, but will only let him go if the Serie A clubs meet their valuation.

City value the Italian, 22, at around 24m euros (£21m) including add-ons.

Balotelli is not actively up for sale and City will not subsidise any of his salary should he leave the club.

Contrary to reports, Balotelli is with the squad that travelled to London for Tuesday's meeting with QPR.

Milan initiated talks with City over the Italy striker, and Juve subsequently made contact with the Premier League club to discuss buying Balotelli, who for a fee in the region of £24m.

Earlier on Monday, City assistant manager David Platt had said Balotelli would not be moving to AC Milan this month.

"I don't think anything is going to happen," said Platt of a proposed January move.

"It's a shame the manager's not here. He might know more than me but as far as we are concerned I think he is still a Manchester City player.

And City manager Roberto Mancini had also insisted on Friday that the Italian, regularly linked with a return to Italy since he would not leave the club.

"It is not true. Mario stays. We didn't have any requests about Mario or other players," said Mancini.

The Italian also said it would be "difficult" to buy new players with so little time left in the transfer window.

"I don't know [if City will buy anyone] but we don't have enough players," he added. "We are 18 players now. We can't sell any players."

Balotelli - who has scored - has courted controversy throughout his time in England, with the latest incident involving a training ground row with Mancini at the start of January.

AC Milan vice-president Adriano Galliani had stated that but Mancini insisted the Italy international remained part of his long-term plans.

"Mario has another three years on his contract," he said.