Saturday 19 March 1932 at The Den (Att 12,000)

Millwall (1) 1 (Poxton 45): Wilson, Walsh, Pipe, Newcomb, Hancock, Graham, Bloxham, Roberts, Landells, Forsyth, Poxton.
Wolves (1) 2 (Bottrill 18, Deacon 48): Tootill, Lowton, Kay, Rhodes, Bellis, Smith, Phillips, Bottrill, Hartill, Deacon, Crook.

Referee: Mr T Crew (Leicester).
Order of Goals: W,m,W.
Position: 1st.