UPDATE: A man has been charged with attempted first-degree murder for stabbing another man Saturday morning.

Chattanooga Police Officers were called to the 1000 block of Peeples Street just after midnight.

They found a man who had been stabbed multiple times. He was taken to an area hospital with life-threatening injuries.

Officers found the suspect, David Oliphant, nearby covered in blood. He also had a knife on his person that had blood on it.

Investigators arrested Oliphant and charged him with attempted first-degree murder, aggravated assault and assault.

PREVIOUS STORY: Chattanooga police are investigating an early morning stabbing.

It happened a little after midnight Saturday on the 700 block of East 11th Street.

Dispatchers tell Channel 3 one person was stabbed and taken to the hospital.

We don't know the person's condition or if anyone else was involved.

Stay with Channel 3 as we continue to learn more about this developing story.