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, 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.
The allocation of teams into qualifying groups was based on that of 1986 FIFA World Cup qualification with several changes, reflecting the absence of some nations:
See 1986 UEFA European Under-21 Championship squads
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