Action 4 News has confirmed that the body, presumed to be missing 7-year-old John Perri, was found Thursday night.
Perri fell into the canal on Wednesday evening while playing tag with other children on Wednesday evening.
His body was found about 200 yards north of where he initially went missing off Mile 5 North.
McAllen officials drained the canal on Thursday. Fire Chief Rafael Balderas has been on the scene to confirm the information.
Action 4 News will provide new information as new details become available.