Bayern Munich forward Toni Kroos left the door open for a switch to the Barclays Premier League in the summer.
Tim Sherwood claims the "silence is deafening" from the Tottenham board amid speculation he could be replaced as manager.
On Thursday, Galliani was quizzed about Carlos Tevez's move to Juventus by reporters and was also asked about Balotelli's future at the club.
Galliani responded: "Balotelli will not be sold. He's absolutely not on the market.
"We count on him. He's a world star and we will build our future around him."
Milan signed Balotelli from Manchester City for £19million in January.