A man has been arrested and four people taken to hospital after an alleged stabbing attack in Melbourne.

Media report an agitated man was launching at people on the street near a busy shopping precinct in Moonee Ponds.

The incident happened around 1.15pm Wednesday near Puckle Street.

Police were called following triple-0 reports of a man assaulting people.

News outlets are reporting that he was stabbing members of the public.

The 36-year-old man was later arrested near Moonee Ponds train station.

Four people were transported to hospital with non-life-threatening injuries.

“Moonee Valley CIU are investigating the circumstances surrounding the incident,” police said.

The man was detained in custody.

Anyone who witnessed the incident has been urged to contact Crime Stoppers.