The 1986–87 Ronchetti Cup was the 16th edition of FIBA's second-tier competition for European women's basketball clubs. It was contested by 32 clubs from 14 countries, seven more than in the previous edition, and ran from 1 October 1986 to 11 March 1987. The final was played in France, in the Alsacian town of Wittenheim, and confronted 18-times European champion Daugava Riga and Italian vice-champion Deborah Milano. The former won 87–80, thus becoming the fifth Soviet club to win the competition. Iskra Ljubljana and VŠ Prague also reached the semifinals.