| Competition: | Scottish Premier Division |
| Season: | 1986–87 |
| Winners: | Rangers 3rd Premier Division title 38th Scottish title |
| Relegated: | Clydebank Hamilton Academical |
| Continentalcup1: | European Cup |
| Continentalcup1 Qualifiers: | Rangers |
| Continentalcup2: | UEFA Cup |
| Continentalcup2 Qualifiers: | Celtic Dundee United Aberdeen |
| Continentalcup3: | Cup Winners' Cup |
| Continentalcup3 Qualifiers: | St Mirren |
| League Topscorer: | Brian McClair (35) |
| Matches: | 264 |
| Total Goals: | 670 |
| Biggest Home Win: | Heart of Midlothian 7–0 Hamilton Academical |
| Biggest Away Win: | Clydebank 0–5 Aberdeen |
| Prevseason: | 1985–86 |
| Nextseason: | 1987–88 |
The 1986–87 Scottish Premier Division season was won by Rangers, six points ahead of Celtic. Clydebank and Hamilton Academical were relegated.
During matches 1-22 each team plays every other team twice (home and away).
During matches 23-44 each team plays every other team twice (home and away).