Saturday 26 September 1931 at Molineux (Att 20,606)

Wolves (2) 3 (Hartill 27, Bottrill 30, Lowton 86p): Tootill, Lowton, Kay, Lax, Hollingworth, Richards, Phillips, Bottrill, Hartill, Buttery, Barraclough.
Preston North End (1) 1 (Owens 21): Wolf, Wood, Gallimore, Thornborough, Nelson, Crawford, Heaton, Bargh, Owens, Scott, Hales.

Referee: Mr H Cartlidge (Burslem).
Order of Goals: p,W,W,W.
Penalty: Awarded for a foul on Arthur Buttery.
Position: 4th.