The 1931–32 season was the fifth season of competitive football in the British Mandate for Palestine under the Eretz Israel Football Association.

The first Palestine League season was opened in November 1931 and ended on 27 May 1932.

During the season the first (and second) league derbies of Tel Aviv and Haifa were played.

In Haifa, Hapoel won both matches, 5–0 and 7–2.

The 1932 Palestine Cup was won by British Police, who were awarded the final match, after it was abandoned on the 37th minute due to protest of Hapoel Haifa after the referee awarded the Police a penalty kick.