A police spokeswoman said detectives are treating the death of 213-centimetre Mr Lovison as suspicious and have released images of his bike, which he was riding the day he disappeared.
It has not been found and police are appealing for information about its location.
The cause of death is under investigation.
In early May, police appealed for information following the disappearance of Mr Lovison, 37, of Newborough, who was last seen after leaving his friend’s Newbororough house on a bicycle on April 15, about 30 kilometres from where his body was found.
Mr Lovison’s family said earlier this month they “feared the worst” for their son.
He had left home without his dog, which his family said was unusual. He was in a good mood on the day he disappeared and was chopping wood which he used to sell, according to family.
Police are now piecing together what happened to Mr Lovison, and are searching for his green mountain bike. He was known to ride the bike around Newborough.
Mr Lovison had been at Kmart and Woolworths in Moe on the morning of his disappearance, then met with a friend on Belvedere Street in Newborough.
Anyone who saw Mr Lovison before he disappeared has been asked to come forward and speak to detectives.
Friends of Mr Lovison began to pay tribute to him on Sunday, before the formal police identification, fearing that the body was his.
Luke Holt described his friend as a “funny, gentle giant” on social media.
“Lovo was such a massive part of our lives,” he said.
“It’s impossible to meet this guy and not want to be his mate.”
Friend Adam Reddiex on Monday said Mr Lovison was a “beautiful human being in every sense of the word”.
“He would always make sure everyone was looked after and that no one went without.
“He had a smile and a hug anytime [sic] you seen him and had no fear in saying what he felt. We’ve all lost a legend,” he said.
Mr Lovison was 213 centimetres tall with a slim build and a shaved head. He was last seen wearing a dark coloured top and pants, as well as dark runners with red socks.
He often wore a small light coloured crossbody bag with his belongings inside.
Anyone with any information is urged to contact Crime Stoppers on 1800 333 000 or visit www.crimestoppersvic.com.au
With Rachael Dexter and Nicole Precel
Simone is a crime reporter for The Age. Most recently she covered breaking news for The Age, and before that for The Australian in Melbourne.
Paul is a reporter for The Age.