Richmond has released a statement on the current Police investigation into photos of a nude woman wearing a 2017 premiership medallion which have been circulating on social media.

The image of a bare breasted women with a Richmond player's premiership medallion around her neck first hit the net last week.

Victoria Police announced on Wednesday it is investigating the matter as the photo was published without the woman's consent.

“Yarra Crime Investigation Unit detectives are investigating an image distributed on social media,” police said in a statement.

“The image was posted without consent. As the investigation is ongoing it would be inappropriate to comment further.”

Richmond has since also released a statement on the matter, stating it is aware of the investigation.

“As the matter is subject to a police investigation, we will fully assist with their enquiries, should they be required,” the statement read.

“At the Richmond Football Club we feel very strongly about the positive role of women at our club and in sport generally. We are committed to creating an environment where women can thrive and we are dedicated to promoting attitudes and behaviours that are respectful and supportive of women.

“As this is now a police matter it would be inappropriate for the Club to make any further comment at this time.”