Sources in Spain suggest that Navas will join Manchester City for an initial fee of £17 million, which could rise to £24m based on a number of add-ons.
The 27-year-old leaves Sevilla after 10 senior seasons with the Andalusian outfit, having joined the club's youth system at the age of 15.
"Sevilla FC has accepted the offer of the English club, taking into account the will of the player, and he will undergo a medical," read a statement on the La Liga club's official website Navas could become the first signing of manager-to-be Manuel Pellegrini, who is expected to be confirmed as Roberto Mancini's successor in the coming days.
The versatile forward - who plays primarily as a winger - has made 23 appearances for Spain, although his international career has been stunted by panic attacks suffered as a younger player.
Navas won two UEFA Cups and two Copa del Rey titles during his time at Sevilla, and was in the Spanish squads that won the 2010 World Cup and Euro 2012.
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