The 1986 Lipton International Players Championships was a tennis tournament played on outdoor hard courts.

It was the 2nd edition of the Miami Masters and was part of the 1986 Nabisco Grand Prix and the 1985 Virginia Slims World Championship Series.

Both the men's and the women's events took place in Boca West, Florida from February 10 through February 24, 1986.

[1] Ivan Lendl defeated Mats Wilander 3–6, 6–1, 7–6, 6–4 Chris Evert Lloyd defeated Steffi Graf 6–4, 6–2 Brad Gilbert / Vince Van Patten defeated Stefan Edberg / Anders Järryd by walkover Pam Shriver / Helena Suková defeated Chris Evert Lloyd / Wendy Turnbull 6–2, 6–3