Nonword repetition is typically impaired in dyslexia. Conversely, native-like performance is early achieved by bilingual children whose second language has a simple phonotactic system, like Italian. Our study aimed at comparing the performance of monolingual and bilingual children with and without dyslexia in a nonword repetition task modeled after Italian. We assessed nonword repetition in 111 school-aged children: 24 Italian L2 bilingual dyslexics, 24 Italian monolingual dyslexics, 30 Italian L2 bilingual controls and 33 Italian monolingual controls. We administered an original task composed of 40 nonwords ranging from two to five syllables; the complexity of the syllables was also manipulated. Results showed that both groups of dyslexics underperformed controls at each syllable length. No differences were found between monolingual and bilingual controls. Conversely, bilingual dyslexics underperformed monolingual dyslexics only with four-syllable nonwords. The possible use of nonword repetition tasks to assist in the identification of dyslexia in bilingual children is also discussed.