The selection of segregating populations with the potential for derived lines is essential for breeding programs. The present work analyzes the potential of tropical F2 wheat (Triticum aestivum L.) populations originated from complete diallel cross combinations. For this purpose, eight tropical wheat cultivars were combined in a complete diallel design in 2019 after F1 seeds were multiplied in a greenhouse and the seeds of 56 F2 populations, plus the eight parents, were evaluated in the field in Viçosa, MG, Brazil in the winter harvest of 2020 using a simple lattice design (8×8). The trait scores of (1) severity of tan spot (Pyrenophora tritici-repentis), (2) severity of wheat head blast (WHB) (Magnaporthe oryzae pathotype Triticum), (3) days to heading, (4) spike height, (5) and total grain weight of the plot were evaluated. We performed a diallel analysis using mixed models to obtain the effects of general combining ability (GCA), specific combining ability (SCA), and estimation of population genotypic values. The additive effect predominated for the control of all traits, except for spike height. There were greater GCA effects for the set of parental maternal plants. Heritability, in the narrow sense, ranged from 0.20 (blast) to 0.66 (heading). There was an effect of maternal GCA for all variables, while for paternal GCA the effect was only for days passed for head and total grain weight. Populations derived from the cultivars TBIO Aton, TBIO Ponteiro, and TBIO Sossego had lower disease severity, while the combinations from BRS 254, BRS 264, and BRS 394 had earlier maturation time. The most promising combinations to derive lines for the set of traits were BRS 254 × CD 1303, BRS 394 × TBIO Aton, TBIO Aton × BRS 254, CD 1303 × BRS 254, and CD 1303 × BRS 264.