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The Argentine’s representatives leaked images of the 26-year-old heading to Madejski Stadium on Tuesday evening to finalise a deal.
The social media post showed him being driven to the Mad Stad and a picture of the stadium with the caption ‘new home.’
Martinez, who is the third choice for the Gunners behind Petr Cech and Bernd Leno, is set to link up with Royals for the final 18 games of the Championship season.
Martinez was persuaded by Unai Emery to stay at Arsenal for the club’s pre-season tour of Singapore but he has played only once this season.
But for now, Martinez is set to spend the rest of the season at the Madjeski Stadium.
Martinez’s sports management agency Twenty Two Sports Management posted two videos of Martinez on their Instagram stories.
The first showed Martinez driving on the motorway and giving a thumbs up to the camera with the promise of “news soon”.