The Italian forward has been linked with a move from Manchester City as his relationship with Roberto Mancini continues to toil.
“Right now, we have [Zlatan] Ibrahimovic and I do not think a player like Balotelli is needed”, Ancelotti told reporters.
“Ibra could work with Mario, but this is not the question because we also have [Ezequiel] Lavezzi, [Kevin] Gameiro, [Jeremy] Menez, who can play as a second striker.”
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Chelsea have struggled to build momentum in the opening stages of the campaign and are currently looking over their shoulders at the relegation zone.
Who of Europe’s top strikers will move to England this summer?