Dionne was inducted into the Hockey Hall of Fame in 1992. In 1998, he was ranked number 38 on "The Hockey News"' list of the 100 Greatest Hockey Players, the highest-ranking player to have not won a Stanley Cup since 2001 when No. 14-ranked Ray Bourque won with the Colorado Avalanche. Dionne had not come close to doing so, as he never advanced beyond the second round of the playoffs. When the Los Angeles Kings finally reached the Stanley Cup finals in 1993, after advancing to and winning their first conference finals, Dionne gave Dave Taylor a congratulatory call.