Homicide Squad detectives are investigating the circumstances surrounding the death of a man in Frankston this morning.
At this stage, the death is believed to be linked to an earlier aggravated home invasion on Lucerne Crescent.
It's believed three offenders have forced entry to the property about 12.40am, where there was an altercation with the male occupant.
The offenders then fled in a silver-coloured vehicle.
A short time later, emergency services were called to reports a man had been located with stab wounds on the corner of Leonard and Beach Streets about 1.20am.
This 31-year-old man, believed to have been in the silver-coloured vehicle that fled from the scene, died at the scene.
A 45-year-old Frankston man, the occupant of the Lucerne Crescent property, was arrested and is currently being interviewed in relation to the death.
A 33-year-old Frankston South woman, believed to have been in the silver-coloured vehicle that fled the scene, has been arrested.
She sustained non-life-threatening injuries and was taken to hospital where she remains under police guard.
A third person believed to have been involved in the aggravated home invasion is yet to be located at this stage and may be injured.
The investigation into the circumstances surrounding the incident remains ongoing.
Anyone with further information is urged to contact Crime Stoppers on 1800 333 000 or online at www.crimestoppersvic.com.au.
