Saturday 31 August 1946 at Molineux (Att 50,845)

Wolves (0) 6 (Pye 47 54 63, Westcott 65 76, Hancocks 86): Williams, Morris, McLean, Galley, Cullis, Wright, Hancocks, Pye, Westcott, Ramscar, Mullen.
Arsenal (0) 1 (Lewis 87): Swindin, Scott, Male, Nelson, Joy, Curtis, McPherson, Sloan, Lewis, Logie, Bastin.

Referee: Mr G Tedds (Bestwood, Notts).
Order of Goals: W,W,W,W,W,W,a.
Landmark: Johnny Hancocks, Angus McLean, Jesse Pye, Freddie Ramscar, Bert Williams and Billy Wright all make their League debuts. Jimmy Mullen net his first Football League goal and Pye nets his first goals for Wolves.
Position: 1st.