Formal:
* Je rêve de vous. (This is the most literal and formal translation, using the formal "vous".)
Informal:
* Je rêve de toi. (Using the informal "toi" for a close friend or loved one.)
* Je fais des rêves de toi. (This emphasizes that you're actually dreaming of them.)
* Tu es dans mes rêves. (This means "You are in my dreams" and is a more poetic way to say it.)
You can also add a little more emotion to the phrase:
* Je rêve de toi chaque nuit. (I dream of you every night.)
* Je t'aime tellement que je rêve de toi. (I love you so much that I dream of you.)
Choose the phrase that best suits the context and your relationship with the person you're speaking to.