The Skellefte district is a seemingly juvenile and heavily mineralized crustal domain in northern Sweden that formed between 1.90 and 1.87 Ga. It is commonly interpreted as a volcanic arc deposited on a basement (known variously as the Bothnian or the Knaften-Barsele group) that could be represented by older rocks (1.96-1.94 Ga) found in the vicinity. In order to understand the potential genetic relationship between the arc and the basement, Hf and Pb isotopes in magmatic zircons from key lithologies were measured by solution multi-collector inductively-coupled plasma mass spectrometry. It is shown that both geological groups display similar Hf isotope compositions, which translate into decreasing εHf with time. Overall, the data are compatible with reworking of the Knaften-Barsele arc to produce the Skellefte rocks over a short time interval from 1.90 to 1.87 Ga in a context of crustal extension with ongoing subduction. When the data presented here are integrated with general models of tectonic evolution of the Svecofennian orogen, they fit a scenario in which the juvenile Knaften-Barsele arc formed between 1.96 and 1.94 Ga and became accreted onto the Karelian continent located further north at about 1.92-1.91 Ga. Systematic north to south variations in Pb, Nd, and Hf isotope compositions throughout the Svecofennides, interpreted as resulting from an increase in Archean crust involvement towards the south, indicate a genetic link between the Proterozoic crustal domains of Sweden and Finland.