Terry Francona had BOTH his World Series rings jacked last month ... but cops say they recovered the prized jewelry and just arrested the alleged scumbag accused of the heist!
Back on Nov. 7, the Pima County Sheriff's Dept. says it responded to Francona's Tucson, Arizona-area home after the legendary MLB manager reported a theft.
When officers arrived, they say the two World Series rings Tito won when he was the Boston Red Sox manager in 2004 and 2007 were stolen.
Cops say they discovered a $245,830 check intended for Francona had also been taken and fraudulently deposited by someone else earlier this year as well.