The 27-year-old has been strongly linked with a move away from his boyhood club at the end of the season, with managerless City reportedly leading the chase for his signature.
And the Spain international has revealed he is open to the possibility of a switch to the Premier League.
"I am prepared for anything. I want to keep progressing and pushing for titles because I am used to such nice things, but I am happy here," he told La Sexta.
"City's interest? I would be excited to be there and I can dream, but we'll wait until the end of the season and look at the summer to see what happens."
Malaga boss Manuel Pellegrini is the favourite to take over at City following the dismissal of Roberto Mancini, and Navas had only kind things to say about the Chilean.
"Pellegrini is a coach who has given much everywhere he has been, with very nice football. He looks to be a great person," he added.
Navas has made 38 appearances for Sevilla this term, scoring one goal and providing four assists.