| 1. Round | 18/09/1938 | Genova 1893 Circolo del Calcio | - | Bologna FC | 2:3 | ||||
| 2. Round | 25/09/1938 | Bologna FC | - | AS Bari | 4:3 | ||||
| 3. Round | 02/10/1938 | US Livorno | - | Bologna FC | 3:1 | ||||
| 4. Round | 09/10/1938 | Bologna FC | - | Torino FC | 0:3 | ||||
| 8. Round | 13/11/1938 | AC Liguria | - | Bologna FC | 1:2 | ||||
| 17. Round | 05/02/1939 | AS Bari | - | Bologna FC | 2:2 | ||||
| 18. Round | 12/02/1939 | Bologna FC | - | US Livorno | 1:1 | ||||
| 19. Round | 19/02/1939 | Torino FC | - | Bologna FC | 1:1 | ||||
| 20. Round | 26/02/1939 | Lazio Roma | - | Bologna FC | 1:2 | ||||
| 21. Round | 05/03/1939 | Bologna FC | - | Novara Calcio | 3:0 | ||||
| 22. Round | 12/03/1939 | AC Milan | - | Bologna FC | 0:1 | ||||
| 23. Round | 19/03/1939 | Bologna FC | - | AC Liguria | 1:1 | ||||
| 24. Round | 02/04/1939 | Juventus | - | Bologna FC | 1:0 | ||||
| 25. Round | 09/04/1939 | Bologna FC | - | US Triestina | 2:0 | ||||
| 26. Round | 16/04/1939 | Lucchese | - | Bologna FC | 1:1 | ||||
| 27. Round | 21/04/1939 | Bologna FC | - | Modena FC | 1:1 | ||||
| 28. Round | 30/04/1939 | AS Roma | - | Bologna FC | 0:1 | ||||
| 29. Round | 21/05/1939 | Bologna FC | - | SSC Napoli | 4:0 | ||||
| 30. Round | 28/05/1939 | AS Ambrosiana-Inter | - | Bologna FC | 2:0 |
Italy