Emergency services responded to a Hill Street licensed premises in the early hours of Saturday morning after receiving reports a man had been stabbed.

Upon arrival, they discovered a 24-year-old man suffering multiple stab wounds, a spokesperson for NSW Police said.

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Paramedics from NSW Ambulance treated the man at the scene for wounds to the neck, back and torso before transporting him to Wagga Base Hospital.

He remains in hospital in a serious but stable condition, police confirmed on Sunday.

A 26-year-old man was also treated for a laceration to his head.

Officers from the Riverina Police District established a crime scene and began investigations into the incident.

The 26-year-old man was arrested and taken to Wagga police station before being taken to Wagga Base Hospital for treatment of an injury to his eyebrow.

After being released from hospital, the man was taken back to the police station and charged with wounding person with intent to cause grievous bodily harm.

He will face Wagga Local Court on Monday.