The Gunners new arrival is a major boost for the club and he is set to pen a five-year contract at the Emirates.
Martinelli currently plays for Brazilian side Ituano but has previously had trials at Manchester United and Barcelona.
Both clubs have kept tabs on the youngster, but Arsenal look to have sealed his signature according to reports.
He scored ten goals and six assists in 31 outings last term as he continued to track interest far and wide.
Martinelli’s £6m fee is small change in the modern game and will allow the Arsenal boss to continue pursuing his other targets.
Emery has around £40m to spend this summer and will have to sell players should he want any extra cash.
Danny Welbeck was recently let go by the club following the expiration of his contract leaving them light of a striker.
The former United striker struggled for minutes last season having fallen behind Alexandre Lacazette and Pierre-Emerick Aubameyang, who notched 35 goals between them.
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