How to have selectableItemBackground on Imageview?

Alternatively you can try this:-
Simply, Wrap your ImageView with CardView

<android.support.v7.widget.CardView
        xmlns:app="http://schemas.android.com/apk/res-auto"
        android:id="@+id/card_view"
        android:layout_gravity="center"
        android:layout_width="match_parent"
        android:layout_height="200dp"
        android:clickable="true"
        android:focusable="true"
        app:cardCornerRadius="4dp"
        android:foreground="?android:attr/selectableItemBackground">

        <ImageView
            android:id="@+id/imageView1"
            android:layout_width="match_parent"
            android:layout_height="match_parent" />
    </android.support.v7.widget.CardView>

Inserting a View to other ViewGroup is affecting app performance, so you can just change your ImageView to ImageButton and give it ?attr/selectableItemBackground as background

<androidx.appcompat.widget.AppCompatImageButton
    android:id="@+id/myButton"
    android:layout_width="100dp"
    android:layout_height="100dp"
    android:background="?attr/selectableItemBackground"
    android:scaleType="centerCrop"
    app:srcCompat="@drawable/ic_arrow_white" />