Saturday 13 February 1932 at Molineux (Att 15,439)

Wolves (4) 5 (Hollingworth 7, Deacon 9, Hartill 31 37 80): Tootill, Lowton, Kay, Rhodes, Hollingworth, Richards, Phillips, Redfern, Hartill, Deacon, Barraclough.
Southampton (1) 1 (Charlton 15): Scriven, Bradford, Adams, Campbell, Harkuss, Luckett, Jepson, Sillett, Charlton, Wilson, Arnold.

Referee: Mr A Jewell (Forest Hill).
Order of Goals: W,W,s,W,W,W.
Landmark: Les Redfern makes his League debut.
Position: 1st.