Led by head coach Dave Odom, the Demon Deacons played their home games at LJVM Coliseum in Winston-Salem, North Carolina.

24 preseason ranking in both major polls, Wake Forest finished in a four-way tie for the ACC regular season title with a 12–4 conference record.

The team defeated Duke, Virginia, and North Carolina (in OT) to win the ACC tournament and receive the No.

Senior guard Randolph Childress was named a consensus second-team All-American and ACC Athlete of the Year.

Wake Forest finished third in the ACC regular season standings and reached the second round of the NCAA tournament.