The 2020–21 Wake Forest Demon Deacons men's basketball team represented Wake Forest University during the 2020–21 NCAA Division I men's basketball season. The Demon Deacons were led by first-year head coach Steve Forbes and played their home games at the Lawrence Joel Veterans Memorial Coliseum in Winston-Salem, North Carolina as members of the Atlantic Coast Conference. The Demon Deacons finished the season 6–16, 3–15 in ACC play, to finish in fourteenth place. They lost to Notre Dame in the first round of the ACC tournament. They were not invited to either the NCAA tournament or NIT.