Rodgers showered praise on Balotelli last week, which led to speculation he could sign the AC Milan front man.
The Liverpool boss has already signed Lille striker Divock Origi and England's Rickie Lambert to help plug the gap left by Luis Suarez's departure, but he could still make a move for another striker.
Rodgers is adamant Balotelli will not be coming to Anfield though.
"I can categorically tell you Mario Balotelli will not be at Liverpool," Rodgers told a press conference on the eve of Liverpool's game against Manchester United in Miami.
"In my last press conference I was asked a question about Mario Balotelli and I talked about what a talent he was and what an excellent player he was.
"And the next day it was wrote as if we were signing him.
"I just gave my perception of him as a player
It shouldn't be transmitted in to us signing the player."
Rodgers has used the £75million he received for Suarez to fund the signings of Lambert, Origi, Emre Can, Adam Lallana, Dejan Lovren and Lazar Markovic.
The Northern Irishman continues to be linked to more players though, the latest two being Sevilla star Alberto Moreno and Atletico Madrid defender Javier Manquillo.
Rodgers would not name any of his targets, but he admitted he is still in the market for new additions.
"We still have a few bits and pieces we would like to do to solidify the group, but there's no names or definite signings yet."
Source: PA