Martinez accepted the Reds' $21.05 million qualifying offer for 2025 on Sunday, Francys Romero of BeisbolFR.com reports.
Martinez is expected to accept the Reds' one-year, $21.05 million qualifying offer, Jon Heyman of the New York Post reports.
The Reds extended a one-year, $21.05 million qualifying offer to Martinez on Monday, Gordon Wittenmyer of the Cincinnati Enquirer reports.
Martinez declined his $12 million player option for 2025 on Friday and became a free agent.
Martinez is expected to exercise his option to opt out of his $12 million 2025 deal, C. Trent Rosecrans of The Athletic reports.
Martinez didn't factor into the decision in Game 1 of Friday's doubleheader against Milwaukee, allowing four runs on seven hits and a walk over 5.1 innings. He struck out three.
Martinez didn't factor into the decision Sunday against Pittsburgh allowing two runs (one earned) on five hits and no walks with a strikeout over three innings.
Martinez came away with a no-decision in Wednesday's 11-7 win over the Blue Jays, coughing up six runs on six hits and three walks over 4.1 innings. He struck out three.
Martinez (6-6) took the loss Friday against the Royals, allowing three runs on eight hits over six innings. He struck out four.
Martinez is scheduled to start Saturday's game against the Brewers in Milwaukee.