Naughty Real Madrid are currently serving a FIFA-imposed transfer ban that prevents them from signing players until 2018.
However, the La Liga giants are reportedly already making plans on how to blow their masses of cash when that ban ends.
Dybala cost Juve £32m last year when he arrived from Serie A rivals Palermo, per Football Italia, who claim Barcelona have also been credited with an interest in the 22-year-old.
To date, only one player in world football has cost as much as £89m. That player, Paul Pogba, also was at Juventus, who sold him to Manchester United for a world-record fee this summer, as reported by BBC Sport.
Dybala has scored three goals in eight Serie A games this season, providing two assists.
He has also also hit the net once in three Champions League appearances.