Monday 2 April 1923 at Molineux (Att 14,091)

Wolves (2) 3 (Edmonds 20 23 70): George, Gregory, Marshall, Getgood, Caddick, Kay, McMillan, Bisset, Edmonds, Hargreaves, Rhodes.
Port Vale (0) 0: Peers, Birkes, Briscoe, Collinge, Hampson, Gordon, Harrison, Spencer, Reid, Page, Prince.

Referee: Mr F Slater (Blackburn).
Penalty: Taken in the 19th minute by Ernie Collinge was saved by Noel George. Awarded against George for striking Albert Spencer on the head.
Position: 22nd.