Detectives have arrested a second man following an alleged burglary at the Frankston RSL in July.
Investigators were told war medals and other memorabilia were stolen during the incident on 31 July.
Police executed a warrant at a Skye house in August, arresting a 24-year-old man.
He is expected to be charged on summons with burglary and theft offences.
Investigators arrested a second man on Tuesday, following a series of search warrants in Cranbourne West and Langwarrin.
The 23-year-old Cranbourne West man was charged with burglary, theft, handle stolen goods, possess a drug of dependence and possess the proceeds of crime.
He was bailed by police to face the Frankston Magistrates’ Court on 4 January.
Investigators are still working to recover the stolen items.
Anyone with information is urged to contact Crime Stoppers on 1800 333 000 or submit a confidential crime report at www.crimestoppersvic.com.au