| First Team Overall | First Team Appearances | Transfers | Reserves | Youth |
| To Wolves | New Professionals | Away |
| Morris, WW- Halesowen (£100) 1/5 | Gardiner, JB- 7/6 | Bucknall, W- Linfield (Fee Unknown) 1933 |
| Harwood, I- Bradford City (Fee Unknown) 3/7 | Coley, WE- 23/9 | Whittaker, P- Reading (Fee Unknown) 7/6 |
| Spiers, CH- Tottenham Hotspur (Fee Unknown) 6/7 | Farrow, GH- Bournemouth & BA (Fee Unknown) 14/6 | |
| Beattie, JM- Aberdeen (£4000) 5/9 | Lumberg, A- Brighton & Hove Albion (£250) 15/6 | |
| Jones, B- Aberaman (£1500) 26/10 | Bottrill, WG- Huddersfield Town (Fee Unknown) 16/6 | |
| Taylor, JP- Worsborough Bridge (Fee Unknown) 14/1 | Smith, WC- Southend United (Fee Unknown) 1/8 | |
| Laking, GE- Kiverton Park (Fee Unknown) 3/2 | Bryant, W- Wrexham (Fee Unknown) 4/10 | |
| Cullis, SR- Ellesmere Port (Fee Unknown) 10/2 | Wildsmith, T- Bristol Rovers (Fee Unknown) 2/2 | |
| Weare, AJ- Lovells Athletic (Fee Unknown) 17/3 | Ellis, J- Bristol Rovers (Fee Unknown) 30/4 | |
| Galley, TR- Cannock Town (Fee Unknown) 30/4 | Smith, AJ- Bristol Rovers (Fee Unknown) 30/4 | |
| Harwood, I- Bristol Rovers (Fee Unknown) 30/4 |
