UEFA Cup

Wolves qualified for the UEFA Cup by League position having finished fifth in the First Division in 1972/73. 

1st Round 
1st Leg Wed Sep 26 Belenenses  (Portugal) Away Won 2-0
2nd Leg Wed Oct 3 Belenenses Home Won 2-1
Won 4-1 on aggregate
2nd Round 
1st Leg Wed Oct 24 Locomotiv Leipzig (East Germany) Away Lost 0-3
2nd Leg Wed Nov 7 Locomotiv Leipzig Home Won 4-1
Lost on away goals after finishing 4-4 on aggregate.