The 1987–88 season was Port Vale's 76th season of football in the Football League, and second successive (17th overall) season in the Third Division.John Rudge's side started the season well, but then suffered following the sale of star striker Andy Jones. Just as Rudge seemed to be struggling, the Vale earned a memorable 2–1 victory over top-flight Tottenham Hotspur at Vale Park in the FA Cup Fourth Round. They exited the competition at the next stage at the hands of Watford, following a replay. Vale's league form also improved, as they finished in eleventh place, helped by midfielders Ray Walker and Robbie Earle, defenders Phil Sproson and Bob Hazell, and goalkeeper Mark Grew. Darren Beckford and David Riley were joint-top-scorers with ten goals each. Vale exited the League Cup and the League Trophy at the First Round.

The pre-season saw Russell Bromage traded to Bristol City in exchange for Lawrie Pearson and £25,000.Jon Bowden was also sold to Wrexham for £12,500. The club also announced a new sponsorship deal with ABC Minolta, whilst the Football League announced that midweek games would be played on Monday nights instead of Tuesday nights.John Rudge bought Darren Beckford from Manchester City for £15,000.