Saturday 31 December 1932 at Molineux (Att 19,540)

Wolves (3) 3 (Bottrill 17, Hartill 25, Deacon 36): Wildman, Lowton, J Smith, Rhodes, Nelson, Richards, Crook, Bottrill, Hartill, Deacon, Barraclough.
Liverpool (1) 1 (Barton 33): Scott, Steel, Done, Morrison, Jackson, McDougall, Barton, Hodgson, Wright, Bruton, Gunson.

Referee: Mr H Cartlidge (Burslem).
Order of Goals: W,W,l,W.
Position: 20th.