The 1985–86 Yugoslav Ice Hockey League season was the 44th season of the Yugoslav Ice Hockey League, the top level of ice hockey in Yugoslavia. 10 teams participated in the league, and Partizan won the championship.
Play-offs
Final • Partizan – Jesenice 3–1 (4–2, 6–3, 2–3, 4–3 SO) 3rd place • Olimpija – Red Star 2–0 (4–3, 6–3) ==Placing round==