(Photo by Adam Chan/Victoria Buzz)

Victoria Police are advising people near Bay Street to avoid the area after reports of a possible shooting have emerged on Tuesday afternoon.

Police are investigating the ongoing incident on Bay Street between Forbes and Victor Streets that started at around 1:15 p.m.

The area has been closed off and residents are being asked to remain indoors “out of an abundance of caution”.

While there is no official word on injuries at this time, unconfirmed sources say that at least one individual has been transported to the hospital.

More to come.