FoxSports reports the Tigers have offered “a significant long term contract, believed to be worth close to $800,000 a season”.
Martin, who is set to become a free agent at season’s end is already attracting the interest of several clubs, including St Kilda, who are in a strong position to lure a big name player away from a rival club.
The 25-year-old is a restricted free agent, meaning he can field offers from other clubs, however, Richmond has the ability to match any offer put in front of him during the free agency period later this year.
But the Tigers intend to secure their star midfielder early in the season in order to alleviate any distraction for both Martin and the playing group.
Martin won his first Jack Dyer Medal in 2016, averaging 31.1 disposals per game, 4.5 marks and 3.6 tackles, as well as booting nine goals.