A teenager has been arrested and is expected to be charged over an alleged murder in the upmarket suburb of Balmain in inner Sydney.

The low-level associate of organised crime was allegedly stabbed multiple times, and police later revealed he was also shot.

Police are hunting for two men after a 29-year-old man was killed in a stabbing attack in Sydney's Inner West.Police were called to Donnelly Street in Balmain about 3.40pm yesterday, where they found the victim who had been stabbed multiple times.
Police were called to Donnelly Street in Balmain about 3.40pm on July 29, where they found the victim who had been stabbed multiple times. (Nine)

He later died at Royal Prince Alfred Hospital.

Police have been told Radulovic was injured during an altercation with two men before the pair allegedly fled the scene in a white jeep.

A burnt-out white Jeep Compass containing a gun was found at nearby Five Dock.

One man has already been charged over the death, and this morning a second, aged 19, was arrested in Austral in the city’s south-west.

He was taken to Liverpool Police Station, where he is expected to be charged with murder.

At the time of Radulovic’s death, detectives were tight-lipped on whether the murder was connected to a spate of gangland shootings across Sydney amid an escalating drug war.

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