Saturday 12 December 1931 at Recreation Ground (Att 10,000)

Port Vale (0) 1 (Easton 90): Slater, Wootton, Oakes, Cope, Round, Jones, York, Easton, Tippett, Marshall, Dorrell.
Wolves (4) 7 (Bottrill 27, Barraclough 29, Deacon 32, Hartill 26, Lowton 46 86p, Phillips 87): Tootill, Lowton, Kay, Rhodes, Hollingworth, Richards, Phillips, Bottrill, Hartill, Deacon, Barraclough.

Referee: Mr G Dutton (Warwick).
Order of Goals: W,W,W,W,W,W,W,p.
Penalty: Awarded against John Cope for a foul on Charlie Phillips.
Position: 2nd.