| Postseason: |
Won World Series (4-3) over St. Louis Cardinals Won AL Championship Series (4-1) over Detroit Tigers |

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Transactions listed are from November 1 of previous year to April 1 of the following year.
October 2, 1986
Jim Eisenreich selected by the Kansas City Royals off waivers.
October 15, 1986
Andre David granted Free Agency.
Alejandro Sanchez granted Free Agency.
November 12, 1986
Roy Lee Jackson granted Free Agency.
Frank Pastore granted Free Agency.
Al Woods granted Free Agency.
Traded a player to be named later to the New York Mets. Received Ron Gardenhire. The Minnesota Twins sent Dominic Iasparro (minors) (April 4, 1987) to the New York Mets to complete the trade.
December 19, 1986
Released Ray Fontenot.
December 20, 1986
Released Juan Agosto.
Released Roy Smith.
December 29, 1986
Signed German Gonzalez as an amateur free agent.
1987
Signed John Butcher as a free agent.
Signed Ron Musselman as a free agent.
January 9, 1987
Signed Juan Berenguer as a free agent.
January 16, 1987
Signed Randy Niemann as a free agent.
February 3, 1987
Traded Al Cardwood (minors), Neal Heaton, Yorkis Perez and Jeff Reed to the Montreal Expos. Received Tom Nieto and Jeff Reardon.
February 20, 1987
Traded Mike Shade (minors) to the Montreal Expos. Received Al Newman.
February 24, 1987
Signed Bill Sample as a free agent.
Signed Roy Smith as a free agent.
March 27, 1987
Released John Butcher.
March 30, 1987
Released Ron Washington.
March 31, 1987
Released Mickey Hatcher.
Traded a player to be named later, Jose Dominguez (minors) and Ray Velasquez (minors) to the San Francisco Giants. Received David Blakely (minors) and Dan Gladden. The Minnesota Twins sent Bryan Hickerson (June 15, 1987) to the San Francisco Giants to complete the trade.
April 15, 1987 (Standings)
Signed Jeff Bittiger as a free agent.
May 10, 1987 (Standings)
Traded Bill Latham to the New York Mets. Received Jayson Felice (minors).
May 13, 1987 (Standings)
Signed Jim Wilson as a free agent.
May 22, 1987 (Standings)
Signed Sal Butera as a free agent.
May 30, 1987 (Standings)
Traded a player to be named later to the Baltimore Orioles. Received Ricky Jones (minors). The Minnesota Twins sent Ron Musselman (June 12, 1987) to the Baltimore Orioles to complete the trade.
June 2, 1987 (Standings)
Traded Clay Christiansen to the Houston Astros. Received Eric Bullock.
Drafted Willie Banks in the 1st round (3rd pick) of the 1987 amateur draft. Player signed June 15, 1987.
Drafted Terry Jorgensen in the 2nd round of the 1987 amateur draft.
Drafted Larry Casian in the 6th round of the 1987 amateur draft. Player signed June 5, 1987.
Drafted Mark Guthrie in the 7th round of the 1987 amateur draft. Player signed June 25, 1987.
Drafted Shawn Gilbert in the 12th round of the 1987 amateur draft. Player signed June 3, 1987.
Drafted Chip Hale in the 17th round of the 1987 amateur draft. Player signed June 5, 1987.
Drafted Dan Smith in the 22nd round of the 1987 amateur draft, but did not sign the player.
Drafted Bret Boone in the 28th round of the 1987 amateur draft, but did not sign the player.
Drafted Craig Paquette in the 36th round of the 1987 amateur draft, but did not sign the player.
June 4, 1987 (Standings)
Traded Dave Blakely (minors) to the San Diego Padres. Received Tom Gorman.
June 7, 1987 (Standings)
Traded Mark Salas to the New York Yankees. Received Joe Niekro.
June 15, 1987 (Standings)
Signed Terry Forster as a free agent.
June 24, 1987 (Standings)
Traded Tom Schwarz (minors) and Danny Clay to the Philadelphia Phillies. Received Dan Schatzeder and cash.
July 31, 1987 (Standings)
Traded a player to be named later to the Cleveland Indians. Received Steve Carlton. The Minnesota Twins sent Jeff Perry (minors) (August 18, 1987) to the Cleveland Indians to complete the trade.
September 1, 1987 (Standings)
Traded a player to be named later to the Boston Red Sox. Received Don Baylor. The Minnesota Twins sent Enrique Rios (minors) (December 18, 1987) to the Boston Red Sox to complete the trade.
October 15, 1987 (Standings)
Eric Bullock granted Free Agency.
Alvaro Espinoza granted Free Agency.
Tom Gorman granted Free Agency.
Randy Niemann granted Free Agency.
Jim Wilson granted Free Agency.
October 23, 1987
Signed Dwight Lowry as a free agent.
November 7, 1987
Signed Eric Bullock as a free agent.
November 9, 1987
Juan Berenguer granted Free Agency.
George Frazier granted Free Agency.
Gary Gaetti granted Free Agency.
Tim Laudner granted Free Agency.
November 12, 1987
Released Jeff Bittiger.
December, 1987
Signed Francisco Oliveras as a free agent.
December 7, 1987
Signed T.R. Bryden as a free agent.
Signed Bryan Clark as a free agent.
Signed Don Schulze as a free agent.
December 21, 1987
Released Don Baylor.
Released Sal Butera.
Released Steve Carlton.
Released Dan Schatzeder.
Released Mike Smithson.
December 22, 1987
Signed Juan Berenguer as a free agent.
December 29, 1987
Signed Rich Garces as an amateur free agent.
January, 1988
Signed Vic Rodriguez as a free agent.
January 4, 1988
Signed Brian Harper as a free agent.
January 5, 1988
Signed Sal Butera as a free agent.
January 7, 1988
Signed Gary Gaetti as a free agent.
January 18, 1988
Signed Kelvin Torve as a free agent.
January 22, 1988
Joe Niekro granted Free Agency.
January 29, 1988
Signed Steve Carlton as a free agent.
February 3, 1988
Signed Tim Laudner as a free agent.
February 4, 1988
Signed Charlie Lea as a free agent.
February 5, 1988
Traded Chris Calvert (minors) to the Philadelphia Phillies. Received Freddie Toliver.
February 9, 1988
Signed Joe Niekro as a free agent.
February 24, 1988
Traded Julius McDougal (minors) to the Detroit Tigers. Received Doug Baker.
March, 1988
Released Bryan Clark.
March 18, 1988
Released Sal Butera.
March 24, 1988
Traded Billy Beane to the Detroit Tigers. Received Balvino Galvez.
March 28, 1988
Traded Don Schulze to the Detroit Tigers. Received Karl Best.
March 31, 1988
Signed Bernardo Brito as a free agent.
Traded Joe Klink to the Oakland Athletics. Received a player to be named later. The Oakland Athletics sent Russ Kibler (minors) (June 25, 1988) to the Minnesota Twins to complete the trade.