The 26-year-old has opted to remain at Allianz Riviera, where he enjoyed a fruitful season, helping the club qualify for the Champions League Former Liverpool and Manchester City striker Mario Balotelli has extended his contract at Nice, snubbing reported interest from Borussia Dortmund.
The Italy international, 26, scored 17 goals in 28 games for the French club in all competitions last season, helping them to a third-place finish in Ligue 1.
The striker, who also counts Milan and Inter among his former clubs, joined Nice on a free transfer in the summer of 2016, signing on a one-year deal.
In signing for the French club, Balotelli brought an end to a disappointing spell at Liverpool and he flourished under the guidance of Lucien Favre, scoring 15 goals in 23 league appearances.
He had been linked with a move away from the club at the conclusion of the 2016-17 season. Dortmund and Marseille were among the teams linked with the Italian, but he has extinguished speculation surrounding his future by penning a new deal.
The length of the contract remains a mystery as Nice didn't reveal how many years will run on Balotelli's new deal, however his salary is believed to have decreased to make him more affordable for the club.