Police officers arrested a man from the Norwich area following the death of 25-year-old Tafadzwa Kahn during a party at the boxer's home on Saturday night. Some reports claim there were more than 100 people at the party at the time.
Kahn was pronounced dead at the scene after the incident, which happened shortly after midnight.
A post mortem examination found multiple stab wounds to the body as the cause of death.
Hide's home remains sealed off as the forensic investigation at the house in the village of Bawburgh continues.
Hide, 40, held the WBO version of the heavyweight world championship between 1997 and 1999.