For generations, vampires and Lycans, an ancient species of werewolf, have secretly waged war. The vampires gain the upper hand when Lycan leader Lucian seemingly dies at the hands of vampire Kraven, who becomes the second-in-command to the vampires' leading elders. Selene, a member of an elite group of vampire assassins known as "Death Dealers", continues to pursue the extermination of the Lycans despite other vampires no longer perceiving them as a threat.
After a clash with the Lycans, Selene discovers that they are after Michael Corvin, a seemingly ordinary resident doctor. Disregarding Kraven’s insistence to ignore the situation, Selene privately investigates Michael. The pair is pursued by a group of Lycans led by Lucian, who manages to bite Michael during their escape. Since Kraven was the only witness to Lucian's supposed death, Selene begins to suspect that he lied about the death and may be working with the Lycans.
Selene prematurely awakens Viktor, a hibernating elder vampire and leaves to hide Michael in a safe house. Selene binds Michael, anticipating the Lycans' bite will transform him into a werewolf when the full moon rises. As the two of them bond, she gradually tells him more about her past, revealing that Viktor adopted her and turned her into a vampire after her family's death at the hands of Lycans, leading her to start a vengeful campaign against them, and that Michael's hallucinations are memories that Lucian passed down to him.
Selene returns to her coven's mansion. Furious about being woken early, Viktor refuses to believe Selene's warnings about Kraven's treachery and reminds her that his fellow elder Marcus was supposed to be awakened before him. Meanwhile, en route to the mansion to awaken Marcus, vampire elder Amelia, the coven's current ruler, is ambushed and killed by Lycans, who have tracked her with Kraven's assistance.
Selene escapes the mansion and abducts the Lycan scientist Singe, while the Lycans capture Michael. While held captive in the Lycans' lair, Michael soon learns that Lucian was once in love with Viktor's daughter Sonja. After he discovered their forbidden affair, Viktor murdered her. Lucian claims that Lycans were once slaves of vampires, and the war began when they rose up against them and fought for their freedom.