In low-intermediate-frequency (low-IF) receivers, I/Q imbalance (IQI) causes interference on the desired signal from the blocker signal transmitted over the image frequencies. Conventional approaches for pilot-aided IQI estimation in zero-IF receivers are not applicable to low-IF receivers, where the image interference is unknown at the receiver. We propose a low-complexity subspace method for the estimation of IQI parameters in low-IF receivers in the presence of unknown fading, where we utilize knowledge of the pilots to null out the signal part. This reduces the variance of the sample mean estimate and leads to faster convergence. The proposed nulling method offers significantly better image rejection at low input signal-to-interference power ratio (SIR) than existing methods. Performance analysis of the output SIR as well as computer simulations are also provided. 1 INTRODUCTION One of the common impairments of the radio frequency (RF) frontend is the inphase and quadrature imbalance (IQI) embodied in the gain and phase mismatches between the inphase and quadrature mixers due to inherent manufacturing inaccuracies. 1 In the frequency-domain, the impact of IQI appears as interference between the positive and negative frequency components known as the image leakage problem. 1,2 Consequently, the IQI causes degradation in the signal-to-interference (SIR) power ratio and, hence, in the overall receiver performance and throughput. 3-5 The IQI problem is very important in 5G/6G systems where higher SINR (high IQI rejection ratio) is needed to support high QAM orders and/or high MIMO ranks. 6-9 In low-IF receivers, neighboring signals (blockers) appear as the image of the desired signal after down conversion as shown in Figure 1. 10 If these blockers leak into the desired signal due to IQI, they will severely impact the receiver performance, especially if they are stronger than the desired signal. Hence, IQI estimation and compensation is vital for low-IF receivers. The IQI in Zero-IF transmitters and receivers were studied in Reference 11, investigating the ergodic capacity in a cognitive radio system. In zero-IF receivers, both the desired signal and IQI-induced interference (image leakage) originate from the transmitted desired signal, see section 4.1.4 of Reference 1. Hence, pilots are transmitted at both the subcarrier and its image for pilot-aided IQI estimation as in References 12-16. Blind estimation algorithms were also proposed in the literature for direct conversion architecture.