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Neymar will take part in a charity match raising funds to provide food for the needy in Brazil, former Paris Saint-Germain player Nene has told Globo.
Balotelli joined from Liverpool in 2016 and signed a contract for a further year after helping Nice finish third in last season.
Brazil international Fabinho had said he would welcome a move to Manchester United last summer, only for them to sign Nemanja Matic.
Paris Saint-Germain have confirmed that Neymar will return to training on Thursday after missing the Coupe de la Ligue fixture against Strasbourg.
Andres Iniesta says he would be annoyed if former teammate Neymar left Paris Saint-Germain for Barcelona's rivals Real Madrid.
Paris Saint-Germain's finances have been given a clean bill of health by French football's financial watchdog despite their massive summer spending.