The news comes as a surprise to many, considering Martinez's close ties to football through her father, former Spain and Barcelona manager Luis Enrique.
Martinez, a successful Spanish showjumper and equestrian rider, reportedly initiated the split in order to focus on her sporting career.
Additionally, there were reported "doubts" about their future together, which ultimately led to their decision to part ways.
Aside from her athletic pursuits, Martinez is also a popular social media influencer with a substantial following of over 365,000 on Instagram.
The couple first met while Torres was playing for Manchester City, and they began a secretive long-distance relationship.
After the conclusion of the 2020 European Championships, Torres and Martinez made their relationship public.
In a bid to be closer to his partner, Torres, 23, made the move to Barcelona last summer after being bought from Manchester City.
According to reports, the couple had previously taken a break when their relationship encountered difficulties several months ago.
They later attempted to reconcile but ultimately realized that their differences were irreconcilable.
Newcastle United has expressed interest in acquiring Ferran Torres amid Barcelona's financial struggles.
The Spanish giants are reportedly looking to sell players to raise funds and comply with Financial Fair Play regulations.
Newcastle sees this as an opportunity to bolster their squad with the talented forward.