Missing Links Volume Two was released in January 1990 on both cassette and compact disc. (No vinyl version was made available, and the track listings for the cassette and CD differed, with more songs made available on the CD.) Like the first Missing Links collection in 1987, the album is made up of songs that were left in The Monkees' vault in the 1960s.
Volume 2 contained tracks like "All The King's Horses" and "I Wanna Be Free" (fast version) which had been featured in the television series only and had been bootlegged for some time. Several songs that were also included on the TV show soundtrack in its earliest episodes but were later re-recorded by the group ("Valleri," "I'll Be Back Up On My Feet," "You Just May Be The One," "Words," "Mr. Webster") makeup a large portion of the track list.
"Michigan Blackhawak" was mislabeled on this release and is actually called "Down the Highway," a track written by Carole King and Toni Stern and produced by Michael Nesmith. "Michigan Blackhawk" was a song attempted during sessions for The Monkees Present in 1969.
Monkees fans were also excited to see the live version of "Circle Sky" make its official release here, along with "Riu Chiu," the traditional Spanish carol performed by The Monkees on their 1967 Christmas episode.