Saturday 24 October 1954 at Burnden Park (Att 35,001)

Bolton Wanderers (1) 1 (Moir 44): Hanson, Ball, Banks, Wheeler, Barrass, Bell, Holden, Moir, Lofthouse, Halsall, Parry.
Wolves (1) 1 (Hancocks 27): Williams, Short, Guttridge, Baxter, Shorthouse, Slater, Hancocks, Broadbent, Swinbourne, Wilshaw, Mullen.

Referee: Mr W Ratcliffe (Leek).
Order of Goals: W,b.
Position: 3rd.