The two suspended officers are on police bail pending enquiries.
Misconduct in a public office relates to an officer who willfully neglects to perform their duty or abuses the public's trust.
A Lincolnshire Police spokesman said: "Lincolnshire Police confirm that on Saturday, January, 14 2012, three Lincolnshire Police officers were arrested on suspicion of Misconduct in Public Office.
"One of the officers has since been released without charge.
"Two of the arrested officers are currently suspended from duty and on police bail pending further enquiries."