Saturday 3 April 1948 at Fratton Park (Att 45,252)

Portsmouth (0) 2 (Froggatt 69 81): Butler, Youell, Rookes, Scoular, Flewin, Dickinson, Harris, Clarke, Reid, Barlow, Froggatt.
Wolves (0) 0: Williams, Kelly, Springthorpe, Chatham, Shorthouse, Wright, Dunn, Forbes, Pye, Smyth, Mullen.

Referee: Mr I Brown (Barnes, Surrey).
Position: 7th.