| Season: | 1986–87 |
| Competition: | Maltese Premier League |
| Winners: | Hamrun Spartans F.C. (5th title) |
| Relegated: | Rabat Ajax F.C. Tarxien Rainbows F.C. |
| Continentalcup1: | European Cup |
| Continentalcup1 Qualifiers: | Hamrun Spartans F.C. |
| Continentalcup2: | European Cup Winners' Cup |
| Continentalcup2 Qualifiers: | Sliema Wanderers F.C. |
| Continentalcup3: | UEFA Cup |
| Continentalcup3 Qualifiers: | Valletta F.C. |
| Matches: | 57 |
| Total Goals: | 131 |
| Prevseason: | 1985–86 |
| Nextseason: | 1987–88 |
The 1986–87 Maltese Premier League was the 7th season of the Maltese Premier League, and the 72nd season of top-tier football in Malta. It was contested by 8 teams, and Hamrun Spartans F.C. won the championship.
With both Valletta and Zurrieq level on 16 points, a play-off match was conducted to qualification for the UEFA Cup