Saturday 16 January 1932 at Molineux (Att 16,009)

Wolves 0: Tootill, Lowton, Kay, Rhodes, Hollingworth, Richards, Phillips, Bottrill, Martin, Deacon, Barraclough.
Nottingham Forest 0: Dexter, Bell, Barrington, McKinlay, Smith, Pugh, Dickinson, Stocks, Dent, Loftus, Simpson.

Referee: Mr B White (Nuneaton).
Position: 2nd.