Real Madrid are set to offload Navas at the end of the season.
The Costa Rica international has endured a difficult campaign amid speculation he could be replaced by David De Gea.
Navas came close to joining Manchester United in 2015, but ended up staying at the Spanish capital.
But with Real keen to sign a marquee goalkeeper, Don Balon claims a parting of the ways seems inevitable.
Real Madrid’s next No.1: Who will replace Keylor Navas this summer?
Fri, February 10, 2017
Express Sport looks at the leading contenders to be the next first-choice goalkeeper at Real Madrid (odds provided by www.ladbrokes.com, correct as of 10/2/17)
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Who could replace Keylor Navas at Real Madrid in the summer?
He claims the Gunners could replace Petr Cech, who has struggled for consistency.
And Tottenham could also be forced to look for a replacement for Hugo Lloris, who is being backed to join Paris Saint-Germain.
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Keylor Navas could join Arsenal or Tottenham this summer
Arsenal could replace Petr Cech at the end of the season
"Keylor Navas agent has already been informed that he will not continue next season and the agent has moved," Estrada told El Chiringuito.
"A few days ago I said that I would go to Arsenal or Tottenham, here because Lloris could go to PSG.
"The point is that Arsenal thinks Cech could leave. The decision of Real Madrid is taken, the goalkeeper will be De Gea, will pay 60 million."