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The Los Blancos says that the Costa Rica shot stopper has not finalized a move to the club and insists that he wants to keep Angel Di Maria despite the arrival of James Rodriguez.

Real Madrid coach Carlo Ancelotti has played down the club’s interest in Levante goalkeeper Keylor Navas, arguing that the European champion is not in need of a new No.1.

The Costa Rica international is reportedly nearing a move to the Santiago Bernabeu outfit, with reports in the Spanish press suggesting that Los Blancos have agreed to meet the shot stopper's release fee.

Despite the rumors of his impending arrival in the Spanish capital, Navas remains adamant that he has not signed any contract with the club and Ancelotti has now confirmed that his side has not finalized a deal for the player.

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"Keylor Navas is not a Madrid player for now. We have three goalkeepers here,” Ancelotti said. "We’ll see, we are in preseason. Iker [Casillas] has just arrived, he has begun training. For us, it’s not a problem of goalkeepers. Last year, I understand that there were many debates in the press – but not for me.”

He added: “I’ll decide at the beginning of the season which goalkeeper will play.”

After bringing in Germany World Cup winner Toni Kroos and Colombia star James Rodriguez this summer, the future of midfielder Angel Di Maria remains uncertain, with French champion Paris Saint-Germain said to be weighing up a big-money move for the Argentine.

However, Ancelotti admitted that the extra competition for Di Maria next season would be good for the whole team as it would offer him more options should any of his players sustain injuries.

"Di Maria is a Madrid player. It is clear that with the arrival of James and Kroos, there is more competition. But all the big clubs have competition, and that gives energy to the team,” Ancelotti said.

“Last year we had problems at the end of the season with injuries that were not very good and with these two players [Kroos and James] we have the ability to reach the end of the season without problems.”