Police have arrested a man after two people were allegedly stabbed in Dromana early this morning.
Mornington Peninsula detectives arrested the 30-year-old Dromana man around 11.20am in a car in Frankston.
The incident occurred just before 3am at a residence in Monaco Parade.
A 29-year-old Dromana man was airlifted to hospital in a critical condition and a 38-year-old Dromana woman sustained serious but non-life threatening injuries.
All three parties were known to each other.
Investigations continue.