Sky sources learned on Thursday that Liverpool had approached Milan about the former Manchester City striker's availability just weeks after Brendan Rodgers denied making a move, and it appears things are moving along quickly.
Milan confirmed the 24-year-old's departure and Balotelli, who said goodbye to his San Siro team-mates and backroom staff, said: "Today is my last day at Milan. I am going to Liverpool."
Rodgers has made no secret of his wish to bring in a new forward following Luis Suarez's summer departure, but any chance of Balotelli coming appeared dead in the water earlier this summer.
Speaking on Liverpool's tour of the United States, Rodgers said: "I can categorically tell you Mario Balotelli will not be at Liverpool."
Rodgers was instead targeting Monaco's Radamel Falcao, but the Colombia striker's preference is a move to Real Madrid.
Balotelli's three seasons at City were blighted by trouble, on and off the field, although he did manage 30 goals for the club in all competitions.
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