A method for locating probes within a gas turbine engine may generally include positioning a plurality of location transmitters relative to the engine and inserting a probe through an access port of the engine, wherein the probe includes a probe tip and a location signal receiver configured to receive location-related signals transmitted from the location transmitters. The method may also include determining a current location of the probe tip within the engine based at least in part on the location-related signals and identifying a virtual location of the probe tip within a three-dimensional model of the engine corresponding to the current location of the probe tip within the engine. Moreover, the method may include providing for display the three-dimensional model of the engine, wherein the virtual location of the probe tip is displayed as a visual indicator within the three-dimensional model.