| Postseason: |
Lost World Series (4-0) to New York Yankees |

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Transactions listed are from November 1 of previous year to April 1 of the following year.
December, 1931
Traded Bud Teachout and Hack Wilson to the St. Louis Cardinals. Received Burleigh Grimes.
December 9, 1931
Purchased Earl Sheely from the Boston Braves.
December 17, 1931
Selected Lance Richbourg off waivers from the Boston Braves.
April 2, 1932 (Standings)
Sold Les Bell to Louisville (American Association).
May 7, 1932 (Standings)
Sold Danny Taylor to the Brooklyn Dodgers.
July 15, 1932 (Standings)
Purchased Frank Demaree from Sacramento (PCL).
August 3, 1932 (Standings)
Released Rogers Hornsby.
September 27, 1932 (Standings)
Drafted Lynn Nelson from Seattle (PCL) in the 1932 rule 5 draft.
November 30, 1932
Traded Rollie Hemsley, Johnny Moore, Lance Richbourg and Bob Smith to the Cincinnati Reds. Received Babe Herman.