The 1986–87 Michigan Wolverines men's basketball team represented the University of Michigan in intercollegiate college basketball during the 1986–87 season. The team played its home games in the Crisler Arena in Ann Arbor, Michigan, and was a member of the Big Ten Conference. Under the direction of head coach Bill Frieder, the team finished fifth in the Big Ten Conference. The team earned the number nine seed in the 1987 NCAA Division I men's basketball tournament where it advanced one round before losing. The team was unranked all season in the Associated Press Top Twenty Poll. and it also ended the season unranked in the final UPI Coaches' Poll. Gary Grant and Antoine Joubert served as team co-captains and Grant earned team MVP.