This method for locating at least one movable magnetic object (OMM
k ) relative to a network of at least N triaxial magnetometers (M
i ,
j ) that are connected to one another mechanically with no degree of freedom in order to preserve a known relative position of these magnetometers (M
i ,
j ), N being an integer at least equal to 2, comprises, continuously: a step of detecting (E1) a magnetometer (M
i ,
j ) capable of being magnetized, i.e. capable of delivering as output measurements (B
i,j
mes ) comprising a measurement bias (BM
i,j
mes ) following a magnetization; a step (E2) of correcting, by means of a correcting bias (BC
i,j
mes ), the measurements (B
i,j
mes ) delivered by said magnetometer (M
i ,
j ) capable of being magnetized, said correcting bias (BC
i,j
mes ) corresponding to a deviation between the measurements (B
i,j
mes ) inputted by said magnetometer (M
i ,
j ) into a locating filtering operation (FL) and the estimations (B
i,j
est ), during said locating filtering operation (FL), of the data delivered by said magnetometer (M
i ,
j ); and a step (E3) of considering said magnetometer (M
i,j ) as not capable of being magnetized, by taking into account said step of correcting said magnetometer (M
i,j ) capable of being magnetized. Such a process for example allows a magnetic object such as a stylus moved above an electronic device such as a tablet to be located while detecting when a magnetometer has an excessively high magnetization resulting in saturation of said magnetometer and while correcting for the effect of such a saturation on the location measurements.