The central train station in the city was evacuated and the bomb squad called after the man shouted he had a bomb, according to witnesses. Video footage from the scene shows at least four police officers pinning a man to the ground outside Central Station, with others standing guard. Armed police in helmets were also outside the station.
One man at the scene tweeted: “Malmo attack at Central Station. Man shot down, shouted I have a bomb.”
At least two police cars and one ambulance were at the scene.
The man is being treated by emergency services.
The station in downtown Malmo, a major hub for regional rail traffic, was evacuated in the wake of incident. There were no other injuries reported apart from the man fire upon.
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A police spokesman said its bomb squad had been called to the scene to investigate the area, adding it was too early to say whether the event was terror-related or not.