The 1940 Michigan Wolverines football team represented the University of Michigan in the 1940 college football season. Under third-year head coach Fritz Crisler, Michigan compiled a 7–1 record and finished the season ranked No. 3 in the final AP Poll. The team outscored opponents 196 to 34. The team's sole setback was a 7–6 loss on the road against a Minnesota team that finished the season No. 1 in the final AP poll.