| Year: | 1991–92 |
| Team: | Wake Forest Demon Deacons |
| Sport: | basketball |
| Conference: | Atlantic Coast Conference |
| Short Conf: | ACC |
| Record: | 17–12 |
| Conf Record: | 7–9 |
| Head Coach: | Dave Odom |
| Hc Year: | 3rd |
| Asst Coach1: | Larry Davis |
| Asst Coach2: | Ricky Stokes |
| Asst Coach3: | Jerry Wainwright |
| Arena: | LJVM Coliseum |
| Tourney: | NCAA tournament |
| Tourney Result: | first round |
The 1991–92 Wake Forest Demon Deacons men's basketball team represented Wake Forest University as a member of the Atlantic Coast Conference during the 1991–92 NCAA men's basketball season. The team was led by third year head coach Dave Odom, and played their home games at LJVM Coliseum in Winston-Salem, North Carolina.
The Demon Deacons finished sixth in the rugged ACC with an 7–9 conference record. The team lost to North Carolina in the quarterfinal round of the ACC tournament. The team received an at-large bid to the NCAA tournament as No. 9 seed in the West region. Making their second straight appearance in the Big Dance, Wake Forest was eliminated by Louisville in the opening round to finish with a 17–12 overall record.
Wake Forest took a big step forward by finishing in a tie for third in the ACC regular season standings with an 8–6 conference record. They lost to Virginia in the quarterfinal round of the ACC tournament. Despite the early exit from the conference tournament, the Demon Deacons received the No. 5 seed in the Southeast region of the NCAA tournament the school's first appearance in seven years. The team defeated No. 12 seed Louisiana Tech before losing to No. 4 seed Alabama in the round of 32[1] in a rematch of an early-season OT thriller. Wake Forest finished with a 19–11 record (8–6 ACC).
Freshman Rodney Rogers was named ACC Rookie of the Year[2] and head coach Dave Odom was named ACC Coach of Year for the first time.
|-!colspan=9 style=| Regular Season
|-!colspan=9 style=| ACC Tournament|-!colspan=9 style=| NCAA Tournament[3]
See main article: 1991–92 NCAA Division I men's basketball rankings. [4]
See also: 1992 NBA draft.
| 2 | 45 | Seattle SuperSonics |