The 1974 Michigan Wolverines football team was an American football team that represented the University of Michigan in the 1974 Big Ten Conference football season. In their sixth year under head coach Bo Schembechler, the Wolverines compiled a 10–1 record, outscored opponents 324 to 75, and were ranked #3 in final AP Poll. Michigan won the first ten games of the 1974 season in convincing fashion, including blowout victories over Colorado (31-0), Navy (52-0), Minnesota (49-0), and Purdue (51-0). In the final game of the season, #2 Michigan faced #3 Ohio State. The Wolverines lost by a score of 12-10, as place-kicker Mike Lantry missed a last-minute field goal that would have given Michigan a victory.

Glenn Edward "Bo" Schembechler Jr. was an American college football player, coach, and athletic administrator. He served as the head football coach at Miami University from 1963 to 1968 and at the University of Michigan from 1969 to 1989, compiling a career record of 234 wins, 65 losses and 8 ties. Only Nick Saban, Joe Paterno and Tom Osborne have recorded 200 victories in fewer games as a coach in major college football. In his 21 seasons as the head coach of the Michigan Wolverines, Schembechler's teams amassed a record of 194–48–5 and won or shared 13 Big Ten Conference titles. Though his Michigan teams never won a national championship, in all but one season they finished ranked, and 16 times they placed in the final top ten of both major polls.