Paul Hogan is said to be 'devastated' after a worrying video of son Chance covered in cuts and bruises emerged earlier this month.
The 24-year-old, who reportedly had an 'obsession' with Satan in the past, posted the video to Instagram after visiting a hospital in the US.
'It has been devastating for Paul - he's given up so much for that boy and he feels like he's failed him,' an alleged source told Woman's Day.
'Either way, this is a cry for help, and it's likely his parents will try to get him better help,' they added.
Paul's health is said to be suffering due to the added stress, the magazine alleged.
Paul Hogan (pictured) is said to be 'devastated' after a worrying video of son Chance covered in cuts and bruises emerged earlier this month
In the footage, Chance revealed a large cut on his collarbone before he panned the camera to reveal his friends in the car.
He then moved it closer and smiled to reveal several other cuts on his forehead and bruises around his eye, as well as two bandages which are usually attached to a pulse oximeter on his chest.
A pulse oximeter measures your blood oxygen levels and pulse and usually used in hospitals.
Chance's long hair blew in the wind as he slowly bobbed his head to the music.
He later revealed on Instagram that he had 'broke' his face and had been treated in hospital.
The 24-year-old, who reportedly had an 'obsession' with Satan in the past, posted the video to Instagram after visiting a hospital in the US
In the footage, Chance revealed a large cut on his collarbone before he panned the camera to reveal his friends in the car
He then moved it closer and smiled to reveal several other cuts on his forehead and bruises around his eye, as well as two bandages which are usually attached to a pulse oximeter on his chest
In addition to sporting a huge gash on his head and one under his chin, Chance's arm was also bandaged up.
'Thanks for the concern everyone,' he wrote on Instagram.
Paul famously met Chance's mother Linda Kozlowski while filming Crocodile Dundee in 1986, but effectively raised him as a single father after his marriage breakdown in 2013.
But his wayward son has proved a headache for the veteran comedian.
In 2015, Chance was reportedly caught drinking beer and smoking what appeared to be a bong on the balcony of Paul's home.
In 2018, photos emerged of Chance vomiting outside a venue in Santa Monica where his band had just performed.
In addition to sporting a huge gash on his head, Chance's arm was also bandaged up
'Thanks for the concern everyone,' he wrote on Instagram
The aspiring singer was seen crouching down and holding his head in his hands in photos that reportedly left his famous father 'shattered'.
At the time, he was also forced to deny he was a devil worshipper after posting the satanic 'Devil's number' 666 on Instagram as well as another image of a drawing of an inverted Christian crucifix.
Speaking to Woman's Day, Chance said: 'It's like I'm a satanic devil worshipper and my parents hate each other, none of that's true.'
He added: 'It's like, 'Hey, you're that Satanist drug-taking evil guy, right?''
Meanwhile, Chance's father Paul revealed last year he wanted to return to Australia but couldn't leave his son behind in the USA.
The legendary star said he would rather live in Australia because he is homesick.
Hogan and Chance are pictured together in Sydney back in 2016
He currently shares a home in Venice Beach with Chance, who Hogan describes as 'American'.
'The only family [Chance has got] is me,' Paul told The Daily Telegraph.
All of Chance's close relatives, including his grandparents, have died, the Aussie superstar said.
And even though Chance loves to visit Australia, Paul says his home is in the US.
'All his friends, his band, musician mates, girlfriends, everything - they're all American,' he explained.
'He only has me, whereas my tribe at home, they've all got each other.'
Paul famously met Chance's mother Linda Kozlowski (right) while filming Crocodile Dundee in 1986, but effectively raised him as a single father after his marriage breakdown in 2013
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