The 30-year-old has been linked with a number of clubs after impressing for Italy at Euro 2012.

Napoli, AC Milan, Lazio and Arsenal are all reportedly keen to land Balzaretti from Palermo.

"A week ago I spoke with (Palermo president Maurizio) Zamparini. I told him what my priorities are," he told Corriere dello Sport.

"I'll either stay at Palermo or move to Paris St Germain - there are no other solutions."