Tiger Aspect, the company which had leased a film studio in the town of Fot, near Budapest, where the tapes were stolen, said it was "delighted".
But the firm would not comment further about the ongoing Hungarian inquiry.
The BBC described the news as "very positive". Two people were reported to have been arrested on Friday.
'Re-shooting scenes'
A statement from Tiger Aspect read: "Earlier today, the Hungarian police recovered the property stolen from the Robin Hood production site in Budapest.
"Obviously investigations are not complete and therefore we do not wish to make any further comment about an ongoing Hungarian enquiry."
At its launch in London, the show's stars revealed they had been re-shooting scenes on location.
The 13-part drama will be screened on Saturday evenings from next month, in the slot previously occupied by Doctor Who.
The show, which stars Irish-born actor Jonas Armstrong in his first lead role, has been filmed in the new high definition format.
It has been part-financed by BBC America, and is due to air on the corporation's US cable channel next year.
A BBC spokeswoman said: "We understand that the majority of the material has been recovered."
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