We quantified within‐year and between‐year movement of walleyes (Sander vitreus) and muskellunge (Esox masquinongy) in the Manitowish Chain of 10 interconnected lakes in Vilas County, Wisconsin. Beginning in May 2004, we marked 7,427 walleyes (55–2,720 fish/lake) and 491 muskellunge (24–99 fish/lake) with T‐bar anchor tags and marked 33 walleyes and 36 muskellunge with radio tags. Tags were recaptured and recovered through October 2005 via fyke‐netting, electrofishing, angling, and spearing. Anchor tag loss averaged 2.9% for walleyes and 2.1% for muskellunge. Of 1,752 anchor‐tagged walleyes (19–555 fish/lake), 81% (54–90% per lake) were recovered in the same lake in which they were tagged. Of the 95 muskellunge tagged (1–18 fish/lake), 53% (0–100% per lake) were recovered in the same lake in which they were tagged. For radio‐tagged fish, 82% (27 of 33 fish) of walleyes and 50% (18 of 36 fish) of muskellunge were recovered in the same lake in which they were tagged. Of 1,153 anchor tag returns for walleyes (8–326 fish/tag group and 6–340 fish/lake) and 57 anchor‐tag returns for muskellunge (1–17 fish/tag group and 1–12 fish/lake), 76% of walleyes (37–98% per lake) and 45% of muskellunge (0–100% per lake) were found in the same lake in spring 2004 and spring 2005. Our results indicate that most walleyes remained in the same lake during the year of tagging and between years, whereas half of all muskellunge did not remain in the same lake during the tagging year or between years. We recommend that walleye angling and spearing fisheries be managed for individual lakes and that muskellunge fisheries be managed for the entire chain of lakes.