A controller and a circuit work together to enable a selective and dynamic adjustment to correct phase and gain imbalances in quadrature signal paths of a receiver. Under select conditions, it has been determined that statistical estimates of gain and phase imbalance can be applied to adjust signals in the quadrature signal paths of a receiver. The controller validates the select conditions before updating the estimate of the gain imbalance and the estimate of the phase imbalance. The controller directs a compensator under select operating conditions such that validated dynamic estimates of the gain and phase imbalance or calibration data is applied to the quadrature signal paths. The controller disables the compensator and enables an estimator and a calculator when estimates are unavailable for the present operating conditions.