1986 UEFA European Under 21 Championship

The 1986 UEFA European Under-21 Championship was the 5th staging of the UEFA European Under-21 Championship. The qualifying stage spanned two years (1984–86), had 29 entrants. Spain U-21s won the competition after a penalty shootout (association football), the first in the U-21 competition's history.

The 29 national teams were divided into eight groups (five groups of 4 + three groups of 3). The group winners played off against each other on a two-legged home-and-away basis until the winner was decided. There was no finals tournament or 3rd-place playoff.