Martinez who has been reportedly eyeing for a Premier League move has been in link with the north London side since last summer.
The reports have reported several times on Martinez’s move to Arsenal in the past, however, nothing was concluded.
Metrowho have claimed the interest again believe that Arsenal are going to launch an offer around £40million to seal his summer move.
Arsenal are already in short of quality strikers, Olivier Grioud who has never proved to be consistent goal scorer could be seen on bench after Martinez arrival at the Emirates Stadium. Meanwhile, summer signing Danny Welbeck has also failed to produce enough goals for the Gunners.
Martinez is a proven goal machine, he has scored 63 goals in 82 games for the Portuguese side since his move.
The 28-year-old has also been targeted by Manchester United and Liverpool but both of them are not taking interest seriously. Tottenham Hotspurs once showed interest in him since last summer and could reignite their interest.