Saturday 23 February 1946 at Molineux (Att 23,500)

Wolves (1) 4 (Chatham 31, Wright 46 48 67): B Williams, Morris, McLean, Alderton, Cullis, W Crook, King, Ramscar, Chatham, Wright, Stephens.
Nottingham Forest (0) 0: Savage, Thomas, McCall, Barks, Baxter, Simpson, Mee, Simms, North, Rawson, Johnston.

Referee: Mr S Chatfield (Stoke-on-Trent).