Members of the public have been asked not to approach the animals and officers are working with specially trained personnel to capture them.
It comes after two lynx were safely captured on Thursday after being spotted on Wednesday.
(Image: Police Scotland)
In a statement Police Scotland Highlands and Islands said: “We received a report of another two lynx being seen near Kingussie.
“Please do not approach the animals. We are working with partners to capture them safely. Enquiries are ongoing to establish the circumstances, including those connected with two lynx successfully captured already.”
We told on Thursday how two lynx which had been illegally released into the Highlands were captured in a move which was condemned by First Minister John Swinney.
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The Highland Wildlife Park said it worked with Police Scotland to safely capture the animals before taking them to its quarantine facilities.
Those animals will be transferred to Edinburgh Zoo where an “expert veterinary team will assess their health and welfare”.
Speaking in Holyrood on Thursday, Swinney said the release of the lynx “should not have happened” and was “an illegal act”.
He added: “I am enormously grateful to everybody who has contributed to the safe capture of the lynx.
“They have been captured by the Royal Zoological Society of Scotland (RZSS), but I am aware a number of other parties locally assisted in that process, including officers of Police Scotland and gamekeepers locally.”
The chief executive of the RZSS David Field said: “We condemn the illegal release of these lynx in the strongest possible terms.
(Image: Peter Jolly) Staff inspect one of the captured lynx
“It was a highly irresponsible act and it is very unlikely they would have survived in the wild due to a lack of adequate preparation.
“Their abandonment was reckless to the animals, public, the community and nature.”
He said the cats, named by the charity as the “Killiehuntly Two” for now, “appear to be in good health”.