Saturday 4 September 1948 at Molineux (Att 41,684)

Wolves 0: Williams, McLean, Springthorpe, W Crook, Shorthouse, Forbes, Hancocks, Smyth, Pye, Stevenson, Mullen.
Liverpool 0: Sidlow, W Shepherd, Lambert, Taylor, Jones, Paisley, Wilkinson, Balmer, Shannon, Fagen, Liddell.

Referee: Mr C Womersley (Davenport Green, Cheshire).
Position: 6th.