| Lazio beat Venezia 4-1 (H) on 22 Dec 1940 |
| Venezia beat Ambrosiana Inter 1-0 (H) on 6 Oct 1940 |
| Ambrosiana Inter beat Bari 5-0 (H) on 13 Oct 1940 |
| Bari beat Triestina 4-2 (A) on 27 Oct 1940 |
| Triestina beat Fiorentina 1-0 (H) on 10 Nov 1940 |
| Fiorentina beat Napoli 2-0 (A) on 13 Oct 1940 |
| Napoli beat Novara Calcio 2-0 (H) on 17 Nov 1940 |
| Novara Calcio beat Milan 2-0 (H) on 13 Oct 1940 |
| Milan beat Roma 2-1 (A) on 10 Nov 1940 |
| Roma beat Genova 1893 3-0 (H) on 15 Dec 1940 |
| Genova 1893 beat Torino 4-0 (H) on 22 Dec 1940 |
| Torino beat Juventus 2-0 (H) on 15 Dec 1940 |
| Juventus beat Bologna 3-1 (H) on 13 Oct 1940 |
| Bologna beat Atalanta 1-0 (H) on 3 Nov 1940 |
| Atalanta beat Livorno 2-1 (H) on 6 Oct 1940 |
| Livorno beat Lazio 2-1 (H) on 10 Nov 1940 |
HWC: Thick arrows show the earliest chain of wins that passes through every team and returns to its start.