The eccentric Italian forward has constantly been in the headlines for both on and off-field antics this term, including reports that suggest he is keen to leave Manchester.
However, Balotelli has strongly denied such rumours and has branded his relationship with the 47-year-old tactician as "perfect".
"The newspapers write that I want to leave Manchester, but I have never talked with them. I am in Manchester and I am under contract with City," said Balotelli.
"This is a new experience for me and, although at first it was difficult, I have to tell the truth now that I am really happy here.
"My relationship with Mancini? It is perfect."
Balotelli has been sidelined during recent matches with injury and missed the Citizens' 3-2 FA Cup exit at the hands of rivals Manchester United on Sunday.