1986–87 FIBA European Cup Winners' Cup
The 1986–87 FIBA European Cup Winners' Cup was the twenty-first edition of FIBA's 2nd-tier level European-wide professional club basketball competition, contested between national domestic cup champions, running from 30 September 1986, to 17 March 1987. It was contested by 19 teams, three less than in the previous edition.
The 1985–86 FIBA European Champions Cup winners, Cibona, defeated the 1985–86 FIBA European Cup Winners' Cup runners-up, Scavolini Pesaro, in the final that was held in the Yugoslavia city of Novi Sad.Participants
Second round
Quarterfinals
Group A
| Team | Pld | Pts | W | L | PF | PA | PD |
| 1. |  CSKA Moscow | 6 | 11 | 5 | 1 | 589 | 468 | +121 |
| 2. |  ASVEL | 6 | 9 | 3 | 3 | 511 | 520 | -9 |
| 3. |  Ram Joventut | 6 | 9 | 3 | 3 | 575 | 551 | +26 |
| 4. |  Nová huť Ostrava | 6 | 7 | 1 | 5 | 447 | 583 | -146 |
Group B
| Team | Pld | Pts | W | L | PF | PA | PD |
| 1. |  Cibona | 6 | 12 | 6 | 0 | 668 | 517 | +151 |
| 2. |  Scavolini Pesaro | 6 | 8 | 2 | 4 | 559 | 535 | +24 |
| 3. |  Efes Pilsen | 6 | 8 | 2 | 4 | 480 | 552 | -72 |
| 4. |  Maes Pils Mechelen | 6 | 8 | 2 | 4 | 538 | 641 | -103 |
Semifinals
Final
March 17, Dvorana SPC "Vojvodina", Novi Sad
