Saturday 16 April 1949 at Fratton Park (Att 36,400)

Portsmouth (3) 5 (Phillips 5, Clarke 7, 85, Reid 44 50): Butler, Ferrier, Hindmarch, Scoular, Flewin, Dickinson, Harris, Reid, Clarke, Phillips, Froggatt.
Wolves (0) 0: Williams, Pritchard, Springthorpe, Baxter, Chatham, W Crook, Smith, Dunn, Wilshaw, Forbes, Hancocks.

Referee: Mr A Blythe (Edmonton, London).
FA Cup: Fans started queuing at Molineux at 8pm for Cup final tickets – nearly 40 hours ahead sale time.
Position: 8th.