Turkish journalist Sercan Hamzaoglu is reporting Arsenal are listening to offers for Martinelli ahead of the January market.
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It's suggested the Brazil international could be sold next month as part of a long-term squad revamp.
Fener are keen on Martinelli, though will face competition from the Saudi Pro League, reports Hamzaoglu.
Fener have employed a local imtermediary with strong English football connections to explore a deal and contact has already been established with Arsenal sports director Andrea Berta.