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This study analyzes and evaluates the feasibility of a harmonic suppression traction transformer (HSTT) for harmonic reduction in railway systems. This new type of transformer can improve the power quality of railway systems by preventing high-frequency harmonic currents from injecting into the traction grid. As the physical size of available space in high-speed trains is strictly limited, low space-occupying filtering techniques are needed. Therefore, an HSTT with integrated filtering inductors (IFIs) capable of being implemented in regular trains is proposed. Taking advantage of the HSTT, a specially constructed inductive-capacitive-inductive (LCL)-type filter is used for harmonic suppression instead of a regular LCL-type filter. The proposed filter is composed of an integrated inductor, leakage inductor of the traction transformer, and an external filter capacitor. In this paper, we analyze the topology of the proposed system, construct a mathematical model to reveal the magnetic decoupling theory of IFIs, and discuss the design and calculation procedures of the HSTT with IFIs. The field circuit coupling simulation of the HSTT with IFIs is performed to validate the effectiveness of the proposed system. Finally, the practical operation based on a 10 kVA prototype shows that the proposed scheme can not only suppress the high-order frequency harmonics but also decrease the installed space of filter devices.