The 29-year-old left Man United for Greek side AEK Athens last summer but after initially impressing, he ended the season with nine goals and two assists in his 23 games.
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According to Fabrizio Romano, Martial is now set to travel to Mexico to undergo his medical with Liga MX side Monterrey.
Monterrey have seemingly beaten rivals Pumas to his signature after they pulled out of the deal due to the player’s unwillingness to lower his wage demands.
Martial will play beside Real Madrid legend Sergio Ramos, who has been at the club since February.