This study aimed to assess which multidimensional performance indexes were the best predictors of talent identification in volleyball. Fifty-five female players (age: 13.8 ± 1.81 years; mass: 55.12 ± 8.12 kg; height: 158.23 ± 7.62 cm) were clustered into two groups according to some physical characteristics (i.e., the first group included players with more favorable performance predictors). Musculoskeletal Fitness (MSF), Functional Motor Competence (FMC), and Declarative Tactical Knowledge (DTK) were measured as multidimensional indexes of performance. Moderate-to-large differences between groups were found for each index in favor of the first group. Regression analyses were performed to examine the variance explained by MSF, FMC, and DTK in the two groups. A model with FMC components explained slightly more variance in the group predictor variables (R2 = 0.53) than a model using only MSF components (R2 = 0.45). Among FMC components, the score of the Throw-and-Catch test resulted in the best predictor (Odds Ratio = 1.58) for determining group selection, followed by the score of the Supine-to-Stand-and-Go test (Odds Ratio = 0.02). An additional model composed by MSF and FMC significant predictors (i.e., functional fitness index) and DTK explained 63% of the variance (R2 = 0.63), and these were significant predictors of group membership (Odds Ratio = 6.32 and Odds Ratio = 1.51, respectively). A more comprehensive multidimensional analysis of youth performances is warranted to identify and monitor the best players in a youth volleyball context.