The now 30-year-old spent last season with Mexican side Monterrey, but a lack of fitness saw him score just one goal in his 20 games.
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Martial, who’s original deal with Monterrey was set to run until the summer of 2027, has now had his contract torn up by the club.
According to Foot Mercato, the forward’s representatives are hoping to secure a return to Ligue 1 and have offered him to several clubs across France.
As it stands, Nice are the only club that holds an interest, with Martial’s salary demands proving to be a major stumbling block for others.