The 1987 Council elections held in Wolverhampton on Thursday 7 May 1987 were one third, and 20 of the 60 seats were up for election.

During the 1987 election the Conservatives gained the Bilston North, Graiseley, Wednesfield North and Wednesfield South seats from Labour whilst the SDP–Liberal Alliance gained Heath Town, East Park and Spring Vale wards from Labour.

Prior to the election the constitution of the Council was:

• Labour 37
• Conservative 19
• Alliance 4

Following the election the constitution of the Council was:

• Labour 30
• Conservative 23
• Alliance 7