Previous studies have yielded contradictory results on the relationship between perception and production in second language (L2) phonological processing. We re-examine the relationship between the two modalities both within and across processing levels, addressing several issues regarding methodology and statistical analyses. We focus on the perception and production of the French contrast /u/-/y/ by proficient English-speaking late learners of French. In an experiment with a prelexical perception task (ABX discrimination) and both a prelexical and a lexical production task (pseudoword reading and picture naming), we observe a robust link between perception and production within but not across levels. Moreover, using a clustering analysis we provide evidence that good perception is a prerequisite for good production.