Saturday 18 May 1940 at Molineux (Att 5,038)

Wolves (1) 1 (Gardiner 33): Sidlow, Dowen⁰, Springthorpe, Smalley⁰, Cullis, Thornhill, W Wright, Gardiner, Taylor, Plunkett, Mullen.
Walsall (2) 5 (Alsop 36 46 85, Bulger 42, Wood 48): Biddlestone⁰, Thayne, Male, Richards, Morgan, Godfrey, Hancocks, Wood⁰, Alsop, Brown⁰, Bulger.

Referee: Mr G Blackhall (Wednesbury).
Landmark: Plunkett makes his Wolves debut.
Re-Arranged: Wolves trip to Fellows Park had been originally scheduled for 10 February but was postponed because of the weather.

⁰ Guests.