We propose an effective quantum information-assisted complete active space optimization scheme (QICAS). What sets QICAS apart from other correlation-based selection schemes is (i) the use of unique measures from quantum information that assess the correlation in electronic structures in an unambiguous and predictive manner and (ii) an orbital optimization step that minimizes the correlation discarded by the active space approximation. Equipped with these features, QICAS yields, for smaller correlated molecule, sets of optimized orbitals with respect to which the complete active space configuration interaction energy reaches the corresponding complete active space self-consistent field (CASSCF) energy within chemical accuracy. For more challenging systems such as the chromium dimer, QICAS offers an excellent starting point for CASSCF by greatly reducing the number of iterations required for numerical convergence. Accordingly, our study validates a profound empirical conjecture: the energetically optimal nonactive spaces are predominantly those that contain the least entanglement.