The Champions League holders have made it no secret that they are after a new man between the sticks with David De Gea and Kepa Arrizabalaga their main targets of late.
However, due to the two's rejection of their advances, Madrid have turned their attention to other options and the Roma goalkeeper appears to be their new possibility.
According to 'Goal', Florentino Perez is prepared to fend off competition from Liverpool to lure the Brazilian to the Bernabeu this summer, in a hope that the increased competition will also improve the performances of current shotstopper Navas.
The 25-year-old has attracted interest from numerous clubs across Europe thanks to his displays this season, in which he has kept 17 clean sheets in 37 appearances.