Raiola said Wednesday that the temperamental Balotelli will not join AC Milan, reports Xinhua.
"Balotelli costs as much as the Mona Lisa," he said. "There are no teams in Italy which could afford him."
The Italian international is again being paired with the Diavolo after AC Milan president Silvio Berlusconi fuelled transfer rumours, Tuesday.
But Raiola said that no Serie A sides have the finances to land his client.
Mumbai Indians won the toss and decided to bat against Sunrisers Hyderabad in their Indian Premier League match here Wednesday.