Wednesday's 3-0 misfortune at Sunderland looks sure to be the 42-year-old Spaniard's last amusement in control.
The previous Swansea and Wigan manager could even go before Thursday's end of season grants function, at which fans were wanting to request his rejection.
Martinez was named as successor to David Moyes in June 2013.
He has three years left on an agreement answered to be worth around £4m a year.
The Toffees are presently twelfth in the Premier League table yet have won only one of their last 10 association diversions.
They complete their season at home to consigned Norwich City on Sunday.
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