The 1981 Masters (also known as the 1981 Volvo Masters for sponsorship reasons)[3] was a men's tennis tournament played on indoor carpet courts in Madison Square Garden, New York City, United States from January 13 through January 17, 1982.

It was the year-end championship of the 1981 Volvo Grand Prix tour.

Ivan Lendl won the singles title.

Peter Fleming and John McEnroe defeated Kevin Curren and Steve Denton 6–3, 6–3.

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