Wilson Ramos, the Washington Nationals' young catcher prospect was found alive by Venezuela's security forces in a mountainous area in Montalban, near the place where he was kidnapped on Wednesday.
Information Minister Andres Izarra made the announcement through his Twitter account, indicating that Ramos was safe and sound.
"Air rescue with support from the GNB (Bolivarian National Guard) was approved this morning (yesterday)," said Izarra into his Twitter account.
He later added in another message that the "air rescue operation with support from the GNB (National Guard) was approved this morning by @ chavezcandanga," referring to the Twitter account of President Hugo Chavez
"It has been successful. Ramos free!" he added. There were no immediate details offered on Ramos' rescue operation and health conditions.
The 24-year-old Venezuelan played his first full season in Major League Baseball in 2011 and was getting ready to debut in winter ball in Venezuela with the Aragua Tigers.
According to relatives, at the time of the kidnapping, Ramos was with his the father and two brothers outside his house, signing autographs for fans. Then, three men stepped out from a truck, two of them armed, and took him away, while a fourth man was waiting in the truck to drive.
Yesterday, the truck used to kidnap Ramos was found in the central state of Carabobo, and officials were gathering evidence.
The player spoke by phone with his mother, who told reporters that Ramos told her excitedly "he was rescued, he is fine and he was very good."
Milángela Ramos, his sister, said that Detroit Tigers' star Miguel Cabrera, was the first to break the news, after which he contacted the Minister of Interior and Justice, who informed him that police officers had Ramos in their hands.
Ramos, is the fourth Major League Baseball player who is kidnapped in Venezuela, where according to non-governmental organizations, at least two abductions occur daily, one of the highest rates in the world.
In his first full season, Ramos batted for .267 with 15 HRs and 52 RBI in 113 games played with the Nationals.