A man is in custody following an alleged stabbing in Frankston this morning.
Emergency services were called to Petrie Street about 12.05am after reports that a man had been stabbed.
On arrival they located a 35-year-old man with a laceration to his neck.
He was taken to hospital in a serious but stable condition.
Police attended a nearby address and arrested a 38-year-old man.
He is currently assisting police with their enquires and investigators believe the parties are known to each other.
Anyone who witnessed the incident or with further information is urged to contact Crime Stoppers on 1800 333 000 or file a confidential report at www.crimestoppersvic.com.au