Dybala, 24, has emerged as a surprise target for Atleti as a potential replacement for FC Barcelona target Antoine Griezmann after Simeone was seen dining with the Argentina international.
The diminutive playmaker has endured himself as a fan favorite with the Serie A giants since arriving from Palermo with 62 goals in 127 appearances and Allegri insists he won't be leaving any time soon.
"I hope Simeone at least offered him lunch," he told reporters ahead of their clash against AC Milan. "It happens. At this moment, the only important thing is for him to have a great end to the season, because it would be worth a lot to Juventus but also to him.
The former AC Milan head coach also went on to tip his star attacker to crack the nod for the Argentina World Cup squad, despite being ignored for their most recent international friendlies; "In the end, I think he'll go to the World Cup."