An efficient and straightforward protocol for one‐pot, three‐component reaction of aryl glyoxal monohydrates 1a‐h, 5‐amino‐1‐aryl‐3‐methylpyrazoles 2a,b and 4‐hydroxyquinoline‐2(1H)‐one (3) or 2‐hydroxy‐1,4‐naphthoquinone (4) using silver nanoparticles (AgNPs) as a high performance nanocatalyst in H2O/EtOH at 60°C afforded the corresponding polyfunctionalized benzo[h]pyrazolo[3,4‐b][1,6]naphthyridines 5a‐h and benzo[g]pyrazolo[3,4‐b]quinolines 6a‐i, respectively. Excellent catalytic activity, high yields, employing green media and green nanocatalyst, cost‐effective and simple procedure are some notable advantages of using AgNPs as a noble metal nanocatalyst in this synthetic strategy. The structures of fused heterocycles were confirmed by their Fourier transform infrared, proton nuclear magnetic resonance (1H‐NMR), and 13C‐NMR spectral data and microanalysis.