She has been named as 55-year-old Yvonne Booth, from Great Barr.
West Mercia police said the woman was swept downstream on Sunday.
Emergency Services were called to reports of two people in the river near Eastham Bridge, Tenbury Wells at 11.36am on Sunday.
A West Midlands Ambulance Service spokeswoman said: “One man was safely rescued from the water and received emergency treatment by ambulance staff on scene before being airlifted to Worcestershire Royal Hospital for further care. He is said to be in a stable condition today."
Firefighters carried out a search for the woman.
The search and rescue operation was carried out throughout the day on Sunday and was called off for safety reasons, but resumed yesterday.
Chief Superintendent Tom Harding, from West Mercia Police, said: “We are sad to report that a body has been found during our search and rescue operation in Tenbury.
"Whilst formal identification has not yet taken place we believe this to be Yvonne, who tragically was swept into flood water on Sunday.
"Specially trained officers have given her family this terrible news and are supporting them.”
A statement released by Yvonne’s family says: “Yvonne is a very much loved member of our family and we are all devastated by this news.
“We appreciate the continued support from the emergency services.
"We would like to ask for our privacy at this time.”