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To the extent that "muggle" means "person unable to perform magic", then yes. These would be Squibs, and J.K. Rowling's old website¹ says (emphasis mine):

A Squib is almost the opposite of a Muggle-born wizard: he or she is a non-magical person born to at least one magical parent.

Presumably, then, there are squibs born with two magical parents; alexwlchan's excellent answer provides a list of known examples.

¹ Courtesy of the Wayback Machine

To the extent that "muggle" means "person unable to perform magic", then yes. These would be Squibs, and J.K. Rowling's old website¹ says (emphasis mine):

A Squib is almost the opposite of a Muggle-born wizard: he or she is a non-magical person born to at least one magical parent.

Presumably, then, there are squibs born with two magical parents; alexwlchan's excellent answer provides a list of known examples.

¹ Courtesy of the Wayback Machine

To the extent that "muggle" means "person unable to perform magic", then you're thinking of Squibs; from J.K. Rowling's old website¹

A Squib is almost the opposite of a Muggle-born wizard: he or she is a non-magical person born to at least one magical parent.

Argus Filch and Mrs. Figg are two examples of Squibs from the series.

However, it's worth noting that a Squib and a Muggle are not exactly the same thing; although they both fall under the "cannot do magic" definition, they hold different places in Wizarding society.

¹ Courtesy of the Wayback Machine

To the extent that "muggle" means "person unable to perform magic", then yes. These would be Squibs, and J.K. Rowling's old website¹ says (emphasis mine):

A Squib is almost the opposite of a Muggle-born wizard: he or she is a non-magical person born to at least one magical parent.

Presumably, then, there are squibs born with two magical parents; alexwlchan's excellent answer provides a list of known examples.

¹ Courtesy of the Wayback Machine

To the extent that "muggle" means "person unable to perform magic", then you're thinking of Squibs; from J.K. Rowling's old website¹

A Squib is almost the opposite of a Muggle-born wizard: he or she is a non-magical person born to at least one magical parent.

Argus Filch and Mrs. Figg are two examples of Squibs from the series.

Comments from the OP indicate they were looking for examples of non-magical people born of two magical parents; Rowling's statement above indicates that they almost certainly exist, but we don't know of any; we don't learn anything about the parentage of the Squibs we meet in the series.

However, it's worth noting that a Squib and a Muggle are not exactly the same thing; although they both fall under the "cannot do magic" definition, they hold different places in Wizarding society.

¹ Courtesy of the Wayback Machine

To the extent that "muggle" means "person unable to perform magic", then you're thinking of Squibs; from J.K. Rowling's old website¹

A Squib is almost the opposite of a Muggle-born wizard: he or she is a non-magical person born to at least one magical parent.

Argus Filch and Mrs. Figg are two examples of Squibs from the series.

However, it's worth noting that a Squib and a Muggle are not exactly the same thing; although they both fall under the "cannot do magic" definition, they hold different places in Wizarding society.

¹ Courtesy of the Wayback Machine