Negredo, 27, is expected in Manchester imminently, possibly as early as Thursday, to finalise the deal.
Fiorentina attacker Stevan Jovetic could be City’s next summer purchase.
- Born: Madrid, 20 August, 1985
- Nickname: La fiera de Vallecas (The beast of Vallecas)
- Clubs: Rayo Vallecano, Real Madrid, Almeria, Sevilla
- International: Spain – 14 caps, six goals
The 23-year-old is rated at around £28m, and has previously attracted interest from Arsenal and Manchester United.
But Negredo will be the first deal across the line as City spend big in the transfer market to try and win back the Premier League title they lost to arch-rivals United last season.
The former Real Madrid player said he was looking forward to taking his career to the next stage at a farewell press conference in Seville.
“For four years I have been very happy, but I think my time was over here,” the forward, who scored 26 La Liga goals last season, said.
Ex-Sevilla winger Navas, 27, sealed a £14.9m transfer on a four-year deal earlier this summer and Negredo said he was looking forward to reuniting with his former team-mate.
“I am happy to be spending another year with him,” he said.
Earlier on Wednesday, Sevilla revealed in a statement that Negredo was joining City.
Club president Jose Maria del Nido said: “Manchester City are buying a great player, the top-scoring Spaniard in La Liga.
“This is a big deal for Sevilla, the second most important in our history after we sold (now-Barcelona full-back) Daniel Alves, and the player will sign the contract of his life.
“Everyone should be happy – it is a great deal for all three parties.”
Negredo has won 14 international caps, scoring six goals, and was part of Spain’s victorious Euro 2012 squad.
- Striker Negredo ‘is Man City player’ (bbc.co.uk)
- Manchester City Sign Sevilla Striker Alvaro Negredo Pending Medical Tests (bleacherreport.com)
- Sevilla announce sale of striker Alvaro Negredo to Manchester City (telegraph.co.uk)
- Manchester City-bound Alvaro Negredo keen on Jesus Navas link (manchestereveningnews.co.uk)
- Negredo to join City in £19.8m deal (guardian.co.uk)
- Sevilla president confirms Alvaro Negredo close to completing move to Manchester City (manchestereveningnews.co.uk)
- Alvaro Negredo heading to Manchester City after Sevilla confirm transfer on website (mirror.co.uk)
- Sevilla confirm Manchester City’s move for star striker Alvaro Negredo is imminent (metro.co.uk)
- mancity sings sevilla striker Alvaro Negredo (kenyasportsnews.wordpress.com)
- Liverpool and Sevilla Monitor Alvaro Morata Developments (insidefutbol.com)