The Uruguayan forward fired Napoli back into third place in the Serie A table courtesy of a fine hat-trick in a 4-1 win over Roma last night, furthering his reputation as the envy of a host of top European clubs by bringing up his 20th goal of the season.
De Laurentiis has admitted rejecting a €55millionoffer for Cavani from an unnamed club in the summer but revealed the 25-year-old does have a €63million release clause in his contract.
City striker Balotelli has been mentioned as a potential makeweight should the Barclays Premier League champions look to bolster their forward line with Cavani, but De Laurentiis has other ideas.
He said: "City are considering letting Balotelli go so they can move for Cavani? I would prefer to see Balotelli playing with Cavani here at Napoli.
"Teams tend to hold onto their best players in January. You take a big risk making big investments now.
"There is still time for us to bring in new faces but we must be cautious. On January 31 you will see what moves Napoli have made."