According to the Janesville Police Department, officers were called to Dodge Street around 5:34 p.m. for a report of a man armed with a knife.
At the scene, they saw Richard Mercadel, 18, running south on River Street.
Mercadel was taken into custody and a male victim was located.
Police said both Mercadel and the victim were taken to a local hospital for treatment, although the extent of their injuries were not detailed.
Mercadel was later charged with Reckless Injury and Disorderly Conduct, and booked into the Rock County Jail.
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