The 1938–39 Illinois Fighting Illini men's ice hockey season was the 2nd season of play for the program.

The team faced a tough slate of games, being dominated by some of college hockey's best teams but the program was able to earn its first three wins.

[1] Dick Fee was team captain until his graduation in February.

† Illinois archives list the score as 0–8, however, contemporary reports have the game as 0–4.

[2]‡ Notre Dame's and Saint Louis' programs were club teams at the time.