The 1931–32 CHL season was the first season of the Central Hockey League, a minor professional ice hockey league in the Midwestern United States. Five teams participated in the league, and the Minneapolis Millers won the championship.

Regular season

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GP W L T GF GA Pts
Eveleth Rangers 33 23 10 0 97 70 50
Minneapolis Millers 36 22 11 3 113 67 44
St. Paul Saints 35 16 17 2 84 99 34
Hibbing Maroons 36 16 18 2 81 70 32
Virginia Rockets 32 5 26 1 64 133 10
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