Saturday 26 February 1938 at Anfield (Att 34,612)

Liverpool (0) 0: Riley, Cooper, Harley, Taylor, Bush, Busby, Nieuwenhuys, Balmer, Shafto, Fagen, van den Berg.
Wolves (1) 1 (Ashall 11): Scott, Morris, J Taylor, Smalley, Cullis, Gardiner, Maguire, Thompson, Langley, Jones, Ashall.

Referee: Mr S Clark (London).
Position: 2nd.