Police have cordoned off an area of riverbank on Holyrood Street, near to Lidl Supermarket. They were alerted to the discovery at 11:20.
The Isle of Wight Fire and Rescue Service has mobilised 1 fire appliance from Newport Fire Station to the incident to assist colleagues from the Police.
HM Coastguard has also been tasked to the incident with The Needles and Ventnor Coastguard Rescue Teams arriving on the scene.
The Criminal Investigation Department (CID) from Hampshire Police are investigating with detectives looking into the circumstances of the incident. The death is being treated as unexplained at this time.
UPDATE @ 12:25 – An Aerial Ladder Platform (ALP) from Newport Fire Station has now arrived on the scene and is being utilised to access the river.
Firefighters and Coastguard Officers are being lowered down onto the river bed with specialist water rescue equipment being utilised.
The area remains cordoned off but all roads are open to traffic.
UPDATE @ 12:50 – Hampshire Constabulary has released a statement this afternoon.
A spokesperson has said:
“Officers are on scene after a body was located in the water near LIDL, Newport, at 11:20.
“The death is being treated as unexplained and emergency services are on scene.”
UPDATE @ 13:30 – The body has now been recovered by emergency service personnel using an inflatable platform and the aerial ladder platform.
Police are yet to confirm the identity of the individual.
The incident is now being scaled back with resources expected to leave the scene in due course.
UPDATE @ 16:28 – Police have confirmed that the body is that of a man in his 50s. The death is being treated as unexplained but not suspicious.
His next of kin have been informed and a file is being prepared for the Coroner.