| Modena beat Roma 1-0 (H) on 19 Nov 1939 |
| Roma beat Triestina 1-0 (H) on 5 Nov 1939 |
| Triestina beat Napoli 2-0 (H) on 15 Oct 1939 |
| Napoli beat Liguria 3-2 (H) on 24 Sep 1939 |
| Liguria beat Torino 2-1 (H) on 5 Nov 1939 |
| Torino beat Novara Calcio 1-0 (H) on 1 Oct 1939 |
| Novara Calcio beat Bari 1-0 (H) on 5 Nov 1939 |
| Bari beat Lazio 1-0 (A) on 22 Oct 1939 |
| Lazio beat Genova 1893 4-1 (H) on 8 Oct 1939 |
| Genova 1893 beat Juventus 3-2 (H) on 29 Oct 1939 |
| Juventus beat Fiorentina 3-2 (H) on 22 Oct 1939 |
| Fiorentina beat Bologna 1-0 (H) on 15 Oct 1939 |
| Bologna beat Milan 2-0 (A) on 29 Oct 1939 |
| Milan beat Venezia 2-1 (H) on 19 Nov 1939 |
| Venezia beat Ambrosiana Inter 2-1 (H) on 24 Sep 1939 |
| Ambrosiana Inter beat Modena 2-1 (H) on 5 Nov 1939 |
HWC: Thick arrows show the earliest chain of wins that passes through every team and returns to its start.