The Spaniard has been in charge for three years now, having left Wigan Athletic to replace David Moyes in the summer of 2013, and whilst he impressed in his first season at Goodison Park, things appear to have turned sour for him on Merseyside.
Continued underachievement means that Everton fans have now become disillusioned with life under Martinez, and supporters have been protesting against his reign in a bid to see him replaced this summer.
Now, the Daily Mail report that Everton are considering alternatives this summer, and one manager on their list of targets is Newcastle United boss Rafael Benitez.
Benitez, 56, is no stranger to Merseyside having managed Everton's rivals Liverpool for six years, but he's currently attempting to keep Newcastle in the Premier League, having been appointed back in March.
However, Everton's possible move for Benitez hinges on one condition - Newcastle's status. The former Real Madrid boss will only leave St. James' Park if Newcastle are relegated, and if he keeps them up, he intends to stay on Tyneside and build with the Magpies.
That would leave Everton to look for alternatives, and the report claims that former Everton boss David Moyes is keen on a move back to Goodison Park if the position is available, having been out of management since leaving Real Sociedad back in November.
Would you like to see Everton appoint Benitez?