A man has died and another has been injured after a suspected stabbing in Melbourne’s CBD on Friday night.

Police rushed to Frederick Way after reports a man had been found with suspected stab wounds just before 8.10pm.

Emergency services performed CPR, but the yet-to-be-identified man died at the scene, police said.

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A second man, in his 30s, was located nearby also with a suspected stab wound. He was taken to hospital with non-life-threatening injuries.

A crime scene was established shutting down the area between Queen St and A’Beckett St while homicide detectives begin their investigation.

“At this stage, police are investigating if the incident was targeted,” police said in a statement.

Emergency services at the scene of the suspected stabbing.Emergency services at the scene of the suspected stabbing. Credit: SuppliedNo arrests have been made.No arrests have been made. Credit: Supplied

“No arrests have been made and the investigation into the circumstances surrounding the incident remains ongoing.”

Images from the scene show emergency service cordons and crowds standing around police tape.

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Other imagery shared on Chinese social media platform RedNote suggests delivery drivers were involved in the incident.

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