The 1995–96 Miami Heat season was Miami's eighth season in the NBA. Under new head coach Pat Riley, the Heat would be restructured. On the first day of the regular season, they acquired All-Star center Alonzo Mourning from the Charlotte Hornets. With the addition of Mourning along with the offseason acquisition of Rex Chapman from the Washington Bullets, the Heat won 11 of their first 14 games, but won only 9 of their next 32 games.

Riley would continue to make changes. At the trading deadline, Riley would make three more deals. The club traded Kevin Willis and Bimbo Coles to the Golden State Warriors for Tim Hardaway and Chris Gatling, while trading Billy Owens and Kevin Gamble to the Sacramento Kings for Walt Williams and Tyrone Corbin, and then trading rookie Terrence Rencher to the Phoenix Suns for Tony Smith. Other transactions included signing free agents Jeff Malone and rookie Voshon Lenard at midseason.

The Heat finished third in the Atlantic Division with a 42–40 record. In the Eastern Conference Quarterfinals of the playoffs, the Heat lost in three straight games to the Chicago Bulls. Following the season, Chapman signed as a free agent with the Phoenix Suns, Williams signed with the Toronto Raptors, Gatling signed with the Dallas Mavericks, Corbin signed with the and Atlanta Hawks, Smith signed with the Charlotte Hornets and Malone retired.

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