Saturday 21 December 1946 at Stamford Bridge (Att 41,926)

Chelsea (0) 1 (Lawton 77): W Robertson, Winter, W Steffen, Machin, Harris, Macauley, Spence, Walker, Lawton, Goulden, Paton.
Wolves (2) 2 (Mullen 20, Forbes 21): Williams, McLean, Crook, Galley, Cullis, Wright, Hancocks, McIntosh, Pye, Forbes, Mullen.

Referee: Mr H Pearce (Luton).
Position: 1st.