The Daily Mail is reporting that the 23-year-old is one of a number of targets for the north London club this summer as Unai Emery looks to bolster his squad ahead of next season.
The Gunners have already tied up a deal to sign veteran defender Stephan Lichtsteiner and are expected to land Sokratis Papastathopoulos from Borussia Dortmund this summer.
However, the north London side also remain on the lookout for further attacking reinforcements this summer as they look to assemble a squad capable of breaking back into the top four next season.
The same article says that Arsenal have an interest in signing Sporting Lisbon winger Martins this summer as they bid to bolster their attacking options.
Arsenal are believed to be on the lookout for a number of new signings this summer, as Emery looks to put together a team capable of breaking back into the top four next season.
The north London side finished sixth and without a trophy last season as Arsene Wenger opted to step down as Gunners boss at the end of the campaign following 22 years in charge at The Emirates.
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