Milagros Alicia Moy Alvarado (born October 17, 1975), more commonly known as Milagros Moy, is a Peruvian former volleyball player who represented her native country at the 1996 Summer Olympics in Atlanta and the 2000 Summer Olympics in Sydney, finishing in eleventh place in both tournaments.

[2] Moy played with the Peruvian club Cristal Bancoper and won a silver medal at the 1995 South American Club Championship in Medellin, Colombia.

[3][4] Moy played for the German team Rote Raben Vilsbiburg for the 2008–09 season.

[2] For the 2009–10 season, Moy played with Valeriano Alles Menorca Volei in the Spanish Superliga Femenina de Voleibol.

[5] For the 2012–2013 season, Moy returned to play in the Peruvian League, signing with the Universidad César Vallejo club.