West Midlands Police said that a 36-year-old man from Warwickshire was arrested on Saturday evening on suspicion of blackmailing Hammond, who recently presented this year's BAFTAs alongside Richard E. Grant.
The man is currently in custody for questioning.
Hammond had allegedly been blackmailed by the man for large sums of money and a BMW car that was reportedly worth £5,000.
According to a report in The Sun, the man allegedly threatened to spread lies about Hammond in order to destroy her career if she didn't comply with his demands.
"We are investigating an allegation of blackmail of a woman in her 40s," the police said in a statement. "We take reports of this kind very seriously."
Meanwhile, a spokesperson for WMP told BirminghamWorld: "A 36-year-old man has been arrested from an address in Warwickshire this evening on suspicion of blackmail against a woman in her 40s. He remains in custody for questioning."
Hammond is best known for her role as a presenter on This Morning alongside Dermot O'Leary, while she has also just been made the new presenter of The Great British Bake Off, replacing Matt Lucas.
We would encourage anyone who identifies with the topics raised in this article to reach out. Call 999 if you or anyone you know is in immediate danger, or report any concerning situations using UK government resources or the Paladin National Stalking Advocacy Service. The National Stalking Helpline is open 9.30am-4pm on weekdays (and until 8pm on Wednesdays) on 0808 802 0300.
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