The BBC said the suspect told police where they could find "The Painter and the Model" after he was arrested for allegedly attempting to steal an automated teller machine.

The art work, along with another Picasso engraving and two paintings by Brazilian artists, were taken from the state-owned museum in Sao Paulo in a daytime heist last month. The other items reportedly haven't been recovered.

Museum officials have estimated the total worth of the art works stolen in the June caper to be about $630,000.

The BBC said "The Painter and the Model" was found in apparently good condition, wrapped in a plastic bag and stashed away in an attic. The suspect was charged with robbery.