| First Team Overall | First Team Appearances | Transfers | Reserves | Youth |
| To Wolves | New Professionals | Away |
| Astill, L- Wolverhampton Amateurs (Fee Unknown) 9/5 | Adkins, CR- 9/5 | Pincott, FC- Bournemouth & BA (Fee Unknown) 28/5 |
| Smith, G- Newport County (Fee Unknown) 11/6 | Belcher, H- 9/5 | Heelbeck, LW- Rotherham United (Fee Unknown) 4/6 |
| Perry, C- Sheffield United (Fee Unknown) 26/7 | Dobson, GF- 26/7 | Smith, G- Bournemouth & BA (Fee Unknown) 19/9 |
| Lutterlock, RR- Lille [Fra] (Fee Unknown) 2/8 | Gray, L- 10/11 | Burgin, M- Tranmere Rovers (loan) 5/10 |
| Weare, R- Lovells Athletic (Fee Unknown) 1/8 | Beaham, J- 15/1 | Deacon, J- Southend United (Fee Unknown) 12/10 |
| Fawkes, JW- Frickley Colliery FC (Fee Unknown) 28/9 | Howe, J- 1/4 | Boland, N- Southport (Fee Unknown) 10/11 |
| Greene, C- Southport (Fee Unknown) 9/11 | Beattie, JM- Blackburn Rovers (Fee Unknown) 20/12 | |
| Henson, GH- Northampton Town (Fee Unknown) 9/11 | Hetherington, JA- Preston North End (Free) 11/1 | |
| Utterson, J- Glenavon [NIre] (Fee Unknown) 28/11 | Perry, C- Wrexham (Fee Unknown) 18/1 | |
| Wrigglesworth, W- Chesterfield (Fee Unknown) 7/12 | Lutterlock, RR- Aldershot (Fee Unknown) 12/2 | |
| Goddard, G- Brentford (Fee Unknown) 11/12 | Wildman, FR- Reading (Fee Unknown) 23/2 | |
| Brown, J- Belfast Celtic [NIre] (£7,250 combined) 14/12 | Weare, R- Newport County (Fee Unknown) 10/9 | |
| Martin, DK- Belfast Celtic [NIre] (£7,250 combined) 14/12 | ||
| Hanson, F- Mexborough Athletic (Fee Unknown) 11/1 | ||
| Aspin, J- Accrington Stanley (Fee Unknown) 29/1 | ||
| Marsden, F- Accrington Stanley (Fee Unknown) 29/1 | ||
| Iverson, RTR- Lincoln City (Fee Unknown) 22/2 | ||
| Johnson, C- York City (Fee Unknown) 1/4 |
