1986 Indiana Hoosiers football team

The 1986 Indiana Hoosiers football team represented Indiana University during the 1986 NCAA Division I-A football season. They participated as members of the Big Ten Conference. The Hoosiers played their home games at Memorial Stadium in Bloomington, Indiana. The team was led by Bill Mallory, who was serving in his third year as head coach of the Hoosiers. The Hoosiers participated in the All-American Bowl against Florida State, losing 13–27.