Saturday 9 April 1938 at Fratton Park (Att 24,000)

Portsmouth (1) 1 (Parker 3): Strong, Morgan, Rochford, Guthrie, Howe, Wharton, Worrall, Groves, Beattie, Easson, Parker.
Wolves (0) 0: Sidlow, Morris, J Taylor, Dorsett, Galley, Gardiner, Maguire, Thompson, Westcott, Jones, Kirkham.

Referee: Mr R Rudd (Kempton).
International: Stan Cullis was missing as he was representing England against Scotland at Wembley.
Position: 3rd.