A dog that had been reported missing in downtown Toronto has been returned, and its owner is now saying what appeared to be a theft was in fact a "misunderstanding."

Toronto police say Gucci, a four-month-old husky puppy that disappeared from the Carlton Street and Church Street area is safely back with its owner.

Earlier Thursday, police said they were trying to track down a man and a woman in connection with the disappearance on July 12.

The news release said the puppy's owner was inside a shop when two suspects untied the dog from a post and left the area.

Police now say there are no outstanding suspects and are thanking the public for their assistance.