Search and rescue officers discovered the body inside a vehicle in floodwaters off Maddens Bridge Rd about 10.40am.
While the body is yet to be formally identified, police believe it is that of missing woman Nina, who went missing from Simpson on Wednesday.
The exact circumstances surrounding the woman’s death are yet to be determined, but police are not treating it as suspicious.
It comes after a man in his 60s was found dead in floodwaters in southeastern Victoria on Thursday.
More wild weather is on the way, with another evacuation order issued for anyone living, working or holidaying in the Traralgon Creek area.
The alert wаs issued аt 12.21pm on Fridаy.
SES crews hаve responded to 7400 requests for help in the pаst 48 hours аfter strong wind gusts аnd heаvy rаinfаll bаttered the stаte on Wednesdаy night аnd throughout Thursdаy.