Saturday 20 January 1940 at Filbert Street (Att 1,800)

Leicester City (1) 1 (Jayes 35): Calvert, Frame, Jones, Grogan, Sharman, Grosvenor, Thompson, S Smith, Bowers, Jayes, Pritchard.
Wolves (0) 2 (Dorsett 58, McIntosh 62): Sidlow, Taylor, Gardiner, Goddard, Galley, Thornhill, Steen, McIntosh, McMahon, Dorsett, Mullen.

Referee: Mr C Barrick (Northampton).