The 1986 Council elections held in Wolverhampton on Thursday 1 May 1986 were one third, and 20 of the 60 seats were up for election.
Due to a vacancy in Wednesfield North two members were elected.
The Labour Party gained the following wards from the Conservatives:
Bilston North, Fallings Park, Oxley, Wednesfield North (1 seat).
The SDP/Liberal Alliance gained Spring Vale from Labour.
Prior to the election the constitution of the council was:
Following the election the constitution of the council was: