1986–87 Yugoslav First League
| Season | 1986–87 |
|---|---|
| Dates | 10 August 1986 – 14 June 1987 |
| Champions | Partizan |
| Relegated | Dinamo Vinkovci Spartak Subotica |
| European Cup | Vardar |
| UEFA Cup | Partizan Velež Red Star |
| Cup Winners' Cup | Hajduk Split |
| Top goalscorer | Radmilo Mihajlović (23) |
← 1985–86 1987–88 → | |
The 1986–87 Yugoslav First League title was awarded to FK Partizan, as the 6 points deduction that originally made Vardar Skopje champions, was declared invalid.