The 1986 Indiana Hoosiers football team represented Indiana University Bloomington as a member of the Big Ten Conference during the 1986 NCAA Division I-A football season.
Led by third-year head coach Bill Mallory, the Hoosiers compiled an overall record of 6–6 with a mark of 3–5 in conference play, tying for sixth place in the Big Ten.
Indian was invited to the All-American Bowl, where they lost to Florida State.
The team played home games at Memorial Stadium in Bloomington, Indiana.
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