| To Wolves | New Professionals | Away |
| Rodgers, JR- Rubery FC 4/5 | Short, J- 3/5 | Russon, R- Walsall 1/5 |
| Brice, GHJ- Luton Town (£7,000) 13/6 | Siddall, AB- 20/5 | Somerfield, AG- Wrexham 1/6 |
| Walker, JH- Campsie Black Watch 3/7 | Garrie, J- 29/7 | Bicknell, R- Charlton Athletic 11/6 |
| Smyth, S- Dundella 23/7 | Batchelor, E- 3/10 | Scott, RA- Crewe Alexandra 1/8 |
| Rowley, KF- Elkingtons 16/10 | Lee, C- 2/12 | Alderton, JH- Coventry City 1/10 |
| Whitfield, K- Shildon Colliery FC 9/12 | Mallock, J- 4/1 | Ramscar, FT- Queens Park Rangers (£9,000) 27/10 |
| McEvoy, J- Dundalk 19/12 | Reid, MJ- 21/2 | Galley, T- Grimsby Town 20/11 |
| Guttridge, WH- Metro Shafts Works 18/3 | Gibbons, L- 23/2 | King, FAR- Northampton Town 29/12 |
| Clews, MD- 31/3 | Willis, G- Brighton & Hove Albion 20/2 |
| | Brice, GHJ- Reading (£6,000) 20/3 |
| | Thornhill, D- Southend United 25/3 |
| | Westcott, D- Blackburn Rovers (£5,000) 20/4 |
