Tom Petty and the Heartbreakers' stolen guitars recovered by police
The vintage instruments have been found but not yet been returned to the band
The gear, which included Petty's 1967 12-string blonde Rickenbacker 360 and his 1965 Gibson SGTV Junior, as well as a Fender Broadcaster belonging to bassist Ron Blair, and guitars belonging to Scott Thurston and Mike Campbell, was stolen from the band's rehearsal space in Los Angeles last week.
One man has now been arrested in conjunction with the robbery, reports TMZ, who add that the guitars have yet to be returned to the band.
The band had been offering a $75,000 (£48,000) reward for the safe return of the instruments and said on their website that there would be "no questions asked" to anyone with information on the whereabouts of the guitars.
The guitars were taken from a studio in Culver City, Los Angeles, where the band was rehearsing for their US tour, which is set to open in Broomfield, Colorado, tomorrow (April 18). The European leg of the tour is due to kick off in Dublin on June 7, before two sold-out dates at London's Royal Albert Hall on June 18 and 20.
The band also headline the Isle of Wight Festival alongside Bruce Springsteen and Pearl Jam.