On 29 April 2012, U.S. Città di Palermo president Maurizio Zamparini announced the signing of Dybala stating, "We have got Paulo Dybala – the new Sergio Agüero."
Later the same day, however, Instituto's general secretary José Teaux stated that the man who had completed the negotiations with Palermo did not have the mandate to sell Dybala.
Nonetheless, on 20 July 2012 Palermo released a press announcement confirming the signing of Dybala, who signed a four-year deal with the Sicilian club.
According to the financial filing of the club, the transfer fee was €8.64 million.

Dybala made his debut for the club in a Serie A match against Lazio.
He scored his first and second goal in Italy on 11 November 2012 when Palermo defeated Sampdoria at home, 2–0.
Dybala had his breakthrough season in the 2014–15 Serie A where he scored ten goals in the first half of the season, forming a successful striking partnership with fellow Argentine–Italian Franco Vázquez and being linked with several top European clubs.
He finished the season with 13 goals and 10 assists, which made him one of the top assist providers in the league.
On 29 April 2012, U.S. Città di Palermo president Maurizio Zamparini announced the signing of Dybala stating, "We have got Paulo Dybala – the new Sergio Agüero." Later the same day, however, Instituto's general secretary José Teaux stated that the man who had completed the negotiations with Palermo did not have the mandate to sell Dybala. Nonetheless, on 20 July 2012 Palermo released a press announcement confirming the signing of Dybala, who signed a four-year deal with the Sicilian club. According to the financial filing of the club, the transfer fee was €8.64 million.
Dybala made his debut for the club in a Serie A match against Lazio. He scored his first and second goal in Italy on 11 November 2012 when Palermo defeated Sampdoria at home, 2–0. Dybala had his breakthrough season in the 2014–15 Serie A where he scored ten goals in the first half of the season, forming a successful striking partnership with fellow Argentine–Italian Franco Vázquez and being linked with several top European clubs. He finished the season with 13 goals and 10 assists, which made him one of the top assist providers in the league.
Paulo Dybala