Police are searching for an unknown number of suspects after two males were stabbed in Toronto’s Palmerston-Little Italy neighbourhood Thursday afternoon.

The incident occurred shortly after 1 p.m. Thursday in the Clinton and Harbord streets area, which is near Bloor and Bathurst streets.

Police say the first victim was stabbed in the back and the second was stabbed in the chest.

Initially, it was believed that the two victims were injured in separate stabbings but police are now investigating them as part of the same incident. Det. Scott Allan said the first victim was located in the Clinton and Manning streets area and the second was found down the street.

Paramedics said both victims were hospitalized with serious, possibly life-threatening injuries.

Allen later told reporters that their conditions have been upgraded to stable condition.

He said investigators are still trying to determine exactly how many suspects were involved in the altercation but that they were both males in their late teens or early 20s.

“I can’t confirm how many suspects there are,” he said. “There was information that the (suspects) direction of travel was towards Christie Station and there was some evidence located in that area that supports that information, but we still haven’t confirmed it at this point.”

Allan said police are still working to clarify descriptions of the suspects.

“Anyone who was in the area, there were people in the area that saw the altercation, we’d just ask that they contact police and provide the information they have, whether they feel it’s insignificant or not,” Allan said.