Saturday 3 March 1906 at Molineux (Att 6,000)

Wolves (1) 2 (Corfield 45, Pedley 48): Baddeley, Jones, Stanley, Hughes, Lloyd, James, Hopkins, Corfield, Wooldridge, Bevin, Pedley.
Preston North End (1) 3 (Bond 30, Smith 62, Bell 81): McBride, Derbyshire, Rodway, McLean, Hunter, Lyon, Bond, Wilson, Smith, Bell, Lockett.

Referee: Mr J Pearson (Crewe).
Order of Goals: p,W,W,p,p.
Injury: Wolves were reduced to ten players when Harry Hughes left the pitch unconscious before the North Enders scored their winner.
Position: 20th.