The effects of musical activities on non-musical domains have recently sparked much research. Whereas the benefits of music for native language abilities are well established, the effect on second language (L2) is not yet fully explored. This review discusses articles suggesting the transfer effect of music on L2 phonological and reading skills. Through the analysis of research literature, it examines; (1) the extent of transfer to specific L2 skills, the nature of necessary music training, the effect of native language on musicality and L2, and the role of working memory in the transfer effect. While the discussed papers provide promising insights into the music-L2 relationship, due to the little research done in this area it is difficult to generalize the results to overall L2 learning.