Police spokesman Toms Sadovskis said that the body of a young man without any signs of a violent death was found in Zunda Canal at around 6 p.m. on Friday.
The deceased man was identified as Engelbrecht who disappeared in the Latvian capital city in January shortly after arriving to take part in a study program.
The student's passport, cellphone and a wallet with some 170 euros inside were also found on the body.
"The final conclusions, of course, will be made after forensic tests, but at least for now there are no indications that a crime has been committed against the young man. Most probably, he drowned," the police spokesman said.
The student from Germany vanished in Riga after he was last seen on January 24 in Kipsala on the left bank of the River Daugava. The student's disappearance was reported to the police on January 29 after he had not attended classes for a longer period of time and did not answer phone calls.