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Bacon Wrapped Filet Mignon with a Balsamic Red Wine Reduction

Posted by Susie B. on February 8, 2014

Bacon Wrapped Filet Mignon with a Balsamic Red Wine Reduction

We absolutely love cooking steaks on the Traeger. The added layer of flavor from cooking over a wood burning fire is just the little extra touch of love you need to take your meat from ordinary to exceptional. We especially enjoy cooking filet mignon on the grill because while they are super tender cuts of meat, there is very little fat. By wrapping them in bacon and smoking them on the grill before searing, we can infuse this lean cut of meat with flavor while keeping the steaks incredibly moist and juicy.

These Bacon Wrapped Filets are a perfect and elegant meal for two, and tantaliziingly delicious drizzled with our rich Baslamic Red Wine Reduction. Serve with a simple salad or Butter Braised Green Beans and Traeger's Parmesan Crusted Potatoes for a special meal your loved one won't soon forget!


Bacon Wrapped Filet Mignon with a Balsamic Red Wine Reduction


Prep Time: 15 minutes
Cook Time: 45 minutes
Serves: 2
Recommended Pellets: Hickory, Oak, Alder

2 (4 oz) filet mignon steaks
2 slices bacon
Traeger Prime Rib Rub or salt and freshly cracked black pepper, to taste
1/2 cup good balsamic vinegar
1/2 cup dry red wine
1 teaspoon dark brown sugar
1 clove garlic, finely minced
1 tablespoon butter


Start the Traeger on Smoke with the lid on for 4-5 minutes to establish the fire. Season both sides of your steaks with Traeger Prime Rib Rub or salt and pepper, to taste. Wrap the exterior of each filet in bacon and secure with a toothpick or butcher's twine, if necessary.

Place the steaks directly on the grill grate, close the lid, and smoke for 30 minutes.

Bacon Wrapped Filet Mignon with a Balsamic Red Wine Reduction

While the steaks are smoking, prepare the balsamic red wine reduction. Add the vinegar, red wine, garlic, and brown sugar to a small saucepan. Simmer over medium heat until the mixture is reduced by at least half. You want your reduction to cling to the back side of a spoon without running off too quickly or turning into a hard ball. Slowly melt in 1 tablespoon of butter and stir thoroughly to incorporate. Remove from the heat and set aside.

Bacon Wrapped Filet Mignon with a Balsamic Red Wine Reduction

Remove the filets from the grill to a separate plate. Close the lid on your grill, turn the temperature setting to High and allow the grill to preheat for 10 minutes. Return the steaks to the heated grill and sear for 4-6 minutes on each side until desired done-ness.

Transfer to a warmed plate and drizzle with the balsamic red wine sauce.

Check out our blog post on cooking the perfect steak to ensure you get your steak cooked exactly how you like it.


Click here for a printable version of this recipe:

Bacon Wrapped Filet Mignon with Balsamic Red Wine Reduction.docx (13.24 kb)


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great recipe

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2/14/2014 3:57:20 PM #

Made this for Valentine's Day dinner tonight. Home run! Maybe the best dinner I've ever Traegered!

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2/14/2014 8:01:54 PM #

I made this for our Valentine's Day dinner this evening and thought it was fantastic!  First time I have done steaks on the Traeger because I was afraid I would ruin them, but I will not hesitate to move away from the Weber charcoal BBQ now.  The steaks were flavorful, moist and tender, and the bacon was a great way to enhance them.  I loved the reduction, although I might opt to omit the brown sugar next time because I do not like sweet things as much as I used to.  My husband prefers the steak without the reduction, but I think that is what gives it the gourmet touch.  Definitely make the reduction and enjoy a special treat!

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Fantastic!!  Definitely make the sauce, it puts this recipe over the top!

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