| Tourney Name: | European Cup Winners' Cup |
| Year: | 1985–86 |
| Dates: | 18 September 1985 – 2 May 1986 |
| Num Teams: | 31 |
| Champion Other: | Dynamo Kyiv |
| Count: | 2 |
| Second Other: |  Atlético Madrid |
| Matches: | 59 |
| Goals: | 191 |
| Attendance: | 1423930 |
| Top Scorer: | Igor Belanov (Dynamo Kyiv) Oleg Blokhin (Dynamo Kyiv) Frank Lippmann (Dynamo Dresden) Oleksandr Zavarov (Dynamo Kyiv) 5 goals each |
| Prevseason: | 1984–85 |
| Nextseason: | 1986–87 |
The 1985–86 European Cup Winners' Cup was won by Dynamo Kyiv in the final against Atlético Madrid. It was their second title in the competition, and first since 1975.
Reigning champions Everton, who initially qualified for the European Cup instead as the 1984–85 Football League champions, and 1985 FA Cup winners Manchester United missed out on European football due to the newly enacted five-year ban on English clubs participating in Europe, following the Heysel Stadium disaster on 29 May 1985.
CSKA Sofia were barred from entering after the riots during the Bulgarian Cup final.
Benfica were given a bye in the 1st round.
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------------Dynamo Kyiv won 5–3 on aggregate.--------------------------------------------
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----Dynamo Kyiv won 5–2 on aggregate.------------------------
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Dynamo Kyiv won 9–2 on aggregate.----2–2 on aggregate. Dukla Prague won on away goals.--------
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Dynamo Kyiv won 4–1 on aggregate.----
See main article: 1986 European Cup Winners' Cup Final.
