The men's Greco-Roman lightweight competition at the 1948 Summer Olympics in London took place from 3 August to 6 August at the Empress Hall, Earls Court Exhibition Centre.

[1] Lightweight was the fourth-lightest category, including wrestlers weighing 62 to 67 kilograms (136.7 to 147.7 lb).

[2] This Greco-Roman wrestling competition continued to use the "bad points" elimination system introduced at the 1928 Summer Olympics for Greco-Roman and at the 1932 Summer Olympics for freestyle wrestling, with the slight modification introduced in 1936.

Eriksen was eliminated despite winning, as the victory by decision gave him his fifth point.

Ferencz and Damage each had six points, and had not previously faced each other, so a bronze medal match was staged.