The 76-year-old victim Beauty Ogere Siasia was "released in the early hours of Sunday," Asinim Butswat, the police spokesman in the southern state of Bayelsa, told Xinhua via telephone.
Local police and family sources declined to give details of the victim's release. Whether or not any ransom was paid is not known.
She was held captive for over 10 weeks, after the gunmen stormed her home in Odoni town of Sagbama local government area of Bayelsa on July 15.
It was the second time the septuagenarian had been abducted in four years. In November 2015, she was abducted by gunmen who released her after 12 days in captivity.
Siasia, her son and former Nigerian coach, said his family was relieved by the development. Throughout last week, he had pleaded for help from Nigerian authorities for the release of his mother.
"It's been really tough but I'm pretty relieved that she's finally released on Sunday morning," he told reporters.
He added that his mother had been in poor health since her return.
Siasia was the coach of the team which won the silver medal of the football event at the 2008 Beijing Olympics held in China.
He was also the coach of the country's main football team from 2010 to October 2011. He was reappointed in 2016.
Xinhua
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