A body has been found in the hunt for a teenager who is believed to have jumped from a ferry over a £100 bet, police said.
Jordan Cobb, 16, jumped from the ferry as he made his way from Plymouth with a group of friends to a New Year's Eve party in Torpoint, Cornwall.
A ferry crossing the Tamar River from Torpoint
A Devon and Cornwall Police spokesman confirmed a body had been recovered from the River Tamar and the teenager's family have been kept fully informed of events.
He added that no formal identification has taken place. The teenager, from Plymouth, was last seen on New Year's Eve on the Torpoint Ferry.
A spokesman for Devon and Cornwall Police said: "At just before 5pm on Wednesday January 16, police received a report of a body in the Tamar River on the Torpoint side of ferry from a member of the public.
An MoD launch was sent to an area on the Torpoint side of the river, close to where the ferry docks, and the body was recovered.
Jordan was catching the ferry with friends from Plymouth in Devon to Torpoint in Cornwall. The alarm was raised shortly after 9pm when he jumped into the icy water and disappeared beneath the surface.
Hundreds of emergency services personnel, with Jordan's friends and family scoured the river, coves and shoreline for the teenager following the incident.
Detective Inspector Nick West said: "There is information in the public domain that suggests this is all a prank, that someone within Jordan's group has engaged with them in relation to a bet."
"We do understand that the figure of about £100 has been discussed, but that hasn't been confirmed. That's one line of inquiry that we're keeping an open mind on."