Saturday 5 September 1992 at Molineux (Att 14,532)

Wolves (2) 4 (Bull 6, Burke 45, Mutch 48 49): Stowell, Ashley (Thompson HT), Edwards, Downing, Madden (Westley 57), Blades, Birch, Cook, Bull, Mutch, Burke.
Peterborough United (1) 3 (Halsall 32, Charlery 61, Sterling 88): Bennett, Withe (Howarth 57), R Robinson, Halsall, D Robinson, Welsh, Sterling, Ebdon, Adcock, Charlery, Barnes (Costello 13).

Referee: Mr J Worrall (Warrington).
Order of Goals: W,p,W,W,W,p,p.
Position: 3rd.