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The luxurious 460ft-long Scheherazade is believed to have been used by the Kremlin leader's 'lover' Alina Kabaeva, 39, according to an opposition news outlet.
Officers boarded The Scheherazade to serve paperwork to the yacht's British captain Guy Bennett Pearce, telling him it would be unable to set sail from the dry dock near Pisa.
After spending months dry-docked in the Tuscan port of Marina di Carrara, the 139-metre Scheherazade was put into the water again on Tuesday.
Police are still investigating the ownership of the Scheherazade, which means that it’s free to leave at any time
The Italian police are in a race to finish investigating a $700 million vessel thought to be the Russian president’s — before it’s out of their reach.