Huguely, who did not display any emotion when the verdict was read, also was convicted of grand larceny and acquitted on charges of burglary, statutory burglary, robbery and first-degree murder, The Charlottesville Daily Progress reported.
Huguely faces a possible sentence of five to 40 years in prison for the second-degree murder conviction, according to Virginia statute.
The seven men and five women on the jury deliberated for roughly nine hours before reaching their verdict in the high-profile trial, which began Feb. 6 and drew international media attention.
Huguely did not testify in his own defense.
The trial involving two attractive athletes, a volatile relationship and a prestigious university opened nearly two years after Love's battered body was found by her roommate in their off-campus apartment in the early hours of May 3, 2010.
Both the prosecutors and defense agreed Huguely visited Love's apartment that night after he spent the day drinking heavily. The prosecution contended Huguely, who was nearly a foot taller and 100 pounds heavier than Love, killed her by repeatedly slamming her head against a wall.
Huguely, in a tape made by police after his arrest, contended he had only gone to Love's apartment to talk to her and that she banged her own head against the wall. When he left, his lawyer said, Huguely thought Love only had a nosebleed.
Calling Huguely a "stupid drunk" and a "boy athlete," defense attorney Francis Lawrence said in closing remarks that his client "contributed to (Love's) death but he did not kill her. He left her there alive and that's not up for dispute."
Medical experts testifying for the prosecution said Love lived for at least two hours after suffering traumatic head injuries.
In the dramatic police video, which left Huguely sobbing when it was played in court, he protested, "She's not dead. She's not. She's not. I don't believe you," when an officer told him Love was dead. "I'd never do anything to her," he said. "I love her."