In this study, we analyzed the relationships among overt and relational victimization and adolescents’ satisfaction with friends. We also tested the influence of the need for affective relationships with friends. A total of 409 Italian adolescent boys and girls (age range = 14–16, M = 15.02 years, SD = 2.58) completed a self-report measure of overt and relational victimization, a measure of satisfaction with friends, and a scale to assess the individual need for affective relationships. A negative association between both forms of victimization and levels of satisfaction with friends was found. As hypothesized, the need for affective relationships with friends moderated the relation between relational, but not overt, victimization and satisfaction with friends: Adolescents who reported more need for affective relationships reported the lowest levels of satisfaction when relationally victimized.