Polyelectrolytes are polymers with repeating units of ionizable groups coupled with counterions. Recently, polyelectrolytes have drawn significant attention as highly promising macromolecular materials with potential for applications in almost every sector of our daily lives. Dyes are another class of chemical compounds that can interact with substrates and subsequently impart color through the selective absorption of electromagnetic radiation in the visible range. This overview begins with an introduction to polyelectrolytes and dyes with their respective definitions, classifications (based on origin, molecular architecture, etc.), and applications in diverse fields. Thereafter, it explores the different possible interactions between polyelectrolytes and dyes, which is the main focus of this study. The various mechanisms involved in dye–polyelectrolyte interactions and the factors that influence them are also surveyed. Finally, these discussions are summarized, and their future perspectives are presented.