Saturday 2 January 1954 at Ninian Park (Att 47,113)

Cardiff City (0) 1 (Nugent 62): Howells, Rutter, Stitfall, Baker, Montgomery, Sullivan, Thomas, Nugent, Ford, Northcott, Edwards.
Wolves (2) 3 (Swinbourne 20, Wilshaw 38, Hancocks 85): Sims, Wright, Pritchard, Shorthouse, Flowers, Hancocks, Broadbent, Swinbourne, Wilshaw, Mullen.

Referee: Mr W Clapton (Bermondsey).
Order of Goals: W,W,c,W.
Position: 1st.