A 35-year-old man from Clitheroe has been arrested on suspicion of attempted murder.
Police arrested the man following an alleged stabbing on Salthill Road in Clitheroe on Monday evening at around 7-30pm.
A police spokesman said that paramedics were called to an address on Salthill Road following an alleged assault and subsequently informed the police.
Following an argument a 20-year-old man was alleged assaulted with a kitchen knife and was taken to Blackpool Victoria Hospital with a chest injury, but is now said to be in a stable condition.
Investigations are ongoing into the incident with the 35-year-old man released on bail until December 11th.