Balotelli strained a muscle in the defeat to Brazil at the weekend and was to miss the Spain semi final on Thursday.
He will now miss the rest of the tournament with his AC Milan team mate Stephan el Shaarawy set to take his place.
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.