Emergency services were called to Chapel Lane yesterday, (Monday, September 21) at approximately 2.15am to reports that two men had been injured.
One man was treated for what is believed to be a stab wound to the buttock and the other man for a stab wound to the stomach.
The injuries were minor and the pair have since been discharged.
The 55-year-old, from the Formby area, has been arrested and will be questioned by detectives.
CCTV from the area is being examined, crime scene investigators have attended the scene and witnesses are being spoken to.
Detectives have urged anyone with any information about the incident to contact Sefton CID on 0151 777 3046 or Crimestoppers anonymously on 0800 555 111.
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