Two people have been arrested over the alleged hit-run death of a Monash University student Nisali Perera who was crossing the road on a green pedestrian light last week.

Shane Cochrane, 37, from Bayswater and Lauren Hindes, 33, from the Clayton area were arrested in Officer in Melbourne's outer south-east on Tuesday afternoon.

Police released images of two people they wished to speak to: Shane Cochrane, a 37-year-old man from Bayswater and Lauren Hindes, a 33-year-old from the Clayton area. Credit:Victoria Police

They were taken to Dandenong police station for questioning.

Police allege that Nisali Perera, 20, was thrown 20 metres and left for dead after she was hit by a dark-coloured Mazda station wagon on Wellington Road in Clayton about 9.45pm on Thursday.