The 1940–41 Michigan Wolverines men's basketball team represented the University of Michigan in intercollegiate basketball during the 1940–41 season. The team finished the season in 7th place in the Big Ten Conference with an overall record of 9–10 and 5–7 against conference opponents.

Bennie Oosterbaan was in his third year as the team's head coach. Michael Sofiak was the team's leading scorer with 192 points in 19 games for an average of 10.1 points per game. Herbert Brogan was the team captain.

Statistical leaders PlayerPos.YrG FG FT RB Pts PPGMichael Sofiak 196660 19210.1James Mandler 196832 1688.8Herbert Brogan 194119 1015.3George Ruehle 193418 864.5William Cartmill 183210 744.1Melvin Comin 9811 273.0Totals 19273171 71737.7

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