An Australian man has died while hiking the Inca Trail in Machu Picchu, Peru.

Peruvian media reports that a 53-year-old Australian man fell while walking the popular tourist trail around 2pm local time on Wednesday.

It is understood that the man, believed to be Matthew Cameron Patron, fell into a 400 to 500-metre embankment while hiking.

Inca Trail, Peru - August 03, 2017: Wild landscape of the Inca Trail, PeruThe Inca Trail in Machu Picchu. (Stock image). (Getty Images/iStockphoto)

Cusco Police Command Chief Police General Virgilio Velasquez told Peruvian outlet Andina that Patron “apparently tripped while crossing a wooden bridge”.

Velasquez said Patron had been travelling with his wife and arrived in the city 12 days ago for the four-day hike.

The Decentralised Directorate of Culture of Cusco said in a statement that Patron was hiking the Wiñaywayna – Intipunku segment of the Inca Trail, which is the final segment, when he fell into a ravine in an area known as “50 Steps”.

50 Steps is the name given to an extremely steep set of stone stairs leading to the ruins of Sun Gate.

According to travel websites, they are also referred to as the “monkey steps” due to hikers needing to climb parts of it on all fours.

TVPerú NoticiasHis body was found and retrieved in the rescue operation on Thursday. This image was broadcast on Peruvian TV network TVPerú Noticias. (TVPerú Noticias)
Machu Picchu in the clouds, Machu Picchu Historical Sanctuary, Cusco, Peru.Machu Picchu – and the Inca Trail – are bucket list experiences for many Australians. (Getty)

Rescue teams immediately began a search operation in a difficult-to-access area following the incident.

Items were found that may belong to Patron, the Decentralised Directorate of Culture of Cusco said.

His body was found and retrieved in the rescue operation on Thursday.

Nine.com.au has contacted the Australian Department of Foreign Affairs and Trade (DFAT) for comment.

More to come.