| Year: | 1994 |
| Team: | Illinois Fighting Illini |
| Sport: | football |
| Conference: | Big Ten Conference |
| Short Conf: | Big Ten |
| Record: | 7–5 |
| Conf Record: | 4–4 |
| Head Coach: | Lou Tepper |
| Hc Year: | 3rd |
| Off Coach: | Greg Landry |
| Oc Year: | 2nd |
| Def Coach: | Denny Marcin |
| Dc Year: | 3rd |
| Mvp: | Dana Howard |
| Captain: | Pete Gabrione, John Holecek, Dana Howard, Jon Kerr |
| Stadium: | Memorial Stadium |
| Champion: | Liberty Bowl champion |
| Bowl: | Liberty Bowl |
The 1994 Illinois Fighting Illini football team represented the University of Illinois at Urbana-Champaign as a member of the Big Ten Conference during the 1994 NCAA Division I-A football season. Led by third-year head coach Lou Tepper, the Fighting Illini compiled an overall record of 7–5 with a mark of 4–4 in conference play, placing fifth in the Big Ten. Illinois was invited to the Liberty Bowl, where the Illini defeated East Carolina. The team played home games at Memorial Stadium in Champaign, Illinois.
| Player | Position | Round | Pick | NFL club | |
| Tight end | 2 | 48 | Indianapolis Colts |