Man dead and another injured in Melbourne CBD stabbing

Homicide detectives are investigating the fatal stabbing of a man near Queen Victoria Market on Friday night.

Another man was found with a suspected stab wound and taken to hospital.

Police are investigating whether the incident was targeted.

A man has died from stab wounds in Melbourne's CBD overnight, and another was found nearby with a suspected stab wound.

Victoria Police said emergency services were called to Frederick Way, near Queen Victoria Market, just after 8pm on Friday.

A man was found with stab wounds and was treated by paramedics but died at the scene.

Police said the second man, aged in his 30s, was found a short time later and taken to hospital with a stab wound.

Homicide detectives are at the scene and are investigating whether the incident was targeted.

Police set up a crime scene with cordons between Queen Street and A'Beckett Street.

Police have not yet released any details about the man who died.

Police have not made any arrests, but have asked anyone with information to contact CrimeStoppers on 1800 333 000.