Moratti sold Balotelli to Manchester City in August 2010 and the striker has impressed over the past year.
Moratti says “I would take back Balotelli tomorrow. I’ve always had a lot of admiration for him. I think he’s starting to do really well thanks to (City coach Roberto) Mancini and his experience in England.”
Balotelli is the talk of Italy after a stunning goal topped off his stellar performance against Poland on Friday.
It was the 21-year-old Italian’s first goal in six internationals.