Five police cars, five ambulance and three fire engines are at the scene off Albion Road, near Guns Village.
West Midlands Police spokeswoman Gina Lycett said: "Police were called to Albion Road at around 9.40am today after a body was discovered in the canal.
"The area remains cordoned off while emergency services recover the body of a man."
The Express & Star's Richard Guttridge is at the scene:
The death is not being treated as suspicious and has been referred to the coroner.