The 22-year-old Argentinian has little hope of first-team football under Arsene Wenger following the £10million arrival of Petr Cech and the fine form of David Ospina last season.
Martinez’s departure would, however, also represent a risk for Wenger – Wojciech Szczesny has already been loaned to Roma and Martinez’s departure would leave Arsenal with only two senior goalkeepers.
Incidentally, former Arsenal striker Benik Afobe is already at Wolves, who tweeted: “(Manager Kenny) Jackett has confirmed that Wolves have a verbal agreement with @Arsenal for the loan of Emiliano Martinez. Hopefully completed today.”
Martinez was last season loaned to Wolves’ Championship rivals Rotherham, whose manager Steve Evans said: “(He was) great for us.
“We’re going to be watching Emi on Match of the Day in six to eight months and then for a number of years as Arsenal’s No 1.”