And according to The Mirror, new major shareholder Farhad Moshiri is far from convinced by the 42-year-old.
Moshiri wants to help Everton reach their full potential by investing millions into the club over the summer but he isn't sure Martinez is the right man to do that.
Everton v Manchester United - FA Cup match preview
The report claims Martinez's future will be in serious doubt if Everton fail to win the FA Cup.
The Toffees go into their semi-final clash with Manchester United on Saturday (5.15pm) off the back of a 4-0 thrashing by rivals Liverpool.
Chairman Bill Kenwright has remained loyal to Martinez in the past but Moshiri will have the final say on whether Martinez is sacked or not.
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