Balotelli still has two years remaining on his contract, but Brescia are looking to annul his deal.
And according to Corriere dello Sport (via TMW), the 29-year-old could be heading to Brazil.
Three Campeonato Brasileiro clubs – Botafogo, Flamengo and Vasco da Gama – have already made their first surveys.
A move to Brazil would appeal to ‘Super Mario’ and would be the fourth country he has played in.
There is also interest from Turkey in the controversial striker, but Balotelli is unlikely to favour a move there.