A two-time Olympic silver medallist in cycling has been arrested as part of an ongoing police operation targeting the supply of drugs in Perth's nightclub precincts.

As first revealed on WAtoday.com.au, Perth City Detectives charged Jack Bobridge as part of the ongoing operation codenamed Operation Inception.

Jack Bobridge pictured in 2016 after winning an event. Credit:John Veage

Mr Bobridge retired from professional cycling last year.

The 28-year-old took part in three Olympic Games and won silver twice in the team pursuit event at the 2012 event in London and 2016 Rio Olympics.