Saturday 19 March 1927 at Molineux (Att 15,334)

Wolves (0) 2 (Phillipson 48 63): George, Watson, Shaw, Higham, Kay, McDougall, Harrington, Bowen, Phillipson, Chadwick, Weaver.
Nottingham Forest (0) 0: Langford, W Thompson, Barratt, Belton, Morgan, Wallace, Gibson, Stocks, Burton, Jones, Linley.

Referee: Mr R Rudd (Willesden).
Penalty: Awarded to Forest for a foul on Burton, was missed by Burton with Wolves leading 1-0.
Position: 17th.