Recent reports indicated that Real Madrid had shown interest in Martinelli, but due to the intense competition among their forward players, the club is unlikely to renew their interest. It is now considered unlikely for Martinelli to move to Real Madrid. Both Barcelona and Real Madrid were previously evaluating Martinelli as a potential transfer, but Barcelona's recent signing of Marcus Rashford and Real Madrid's already crowded forward lineup have effectively closed these opportunities. As a result, a transfer to LaLiga, specifically to either of these clubs, is no longer an option for Martinelli. Despite Real Madrid cooling their interest, Martinelli may still consider other possibilities, such as a move to Saudi Arabia or PSG. The Brazilian winger, who is 24 years old, remains contracted with Arsenal until 2027, and his market value is currently estimated at €55 million by Transfermarkt.