Police investigating the record seizure of cocaine found in a diamante horse-head are still looking to speak with a man captured on CCTV footage leaving a central Auckland hotel.

The man, who is described as having a Spanish-sounding accent, was yet to be identified and located.

It was not known whether the man knew anything about the record 35kg bust, but police wanted to talk to him so they could rule out that line of enquiry.

Police have released two new pictures of the man, the first showing him in the lobby of a hotel in Albert Street, Auckland at around 4.20pm on Friday.

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Minutes later the man is captured again on CCTV footage outside Rebel Sport in The Atrium, Elliott Street.

"This man may not be able to assist us whatsoever, but until such time as we've spoken to him, we will keep looking for him" said Detective Colin Parmenter, the investigation head at Organised Crime Auckland.

"If it's you, if you saw this man or know anything about him, please get in touch."

Bricks of cocaine worth $14 million was found packed inside a diamante horse head in May.

After weeks of intense surveillance and intelligence work, police swooped on Friday morning, arresting a 44-year-old Mexican and a 56-year-old American at Auckland International Airport.

A third man has since been arrested.