Italian great Giacomo Agostini holds the record with 122 world championship wins.
Lorenzo has great respect for Doohan whom he speaks to regularly, and has memorabilia of the 49-year-old hanging up all over his house.
"We swap leathers and helmets because I'm making a collection of Moto GP legends," said Lorenzo.
"I wanted to have one of his helmets and leathers.
"Mick has been one of my idols. I equalled his number of victories but he's won every one in 500cc so, if I could choose, I'd prefer Mick's number than mine.
"But to equal his numbers in the world championship in general is a nice achievement.
"He doesn't give me any advice so much, just speaks to me about things in general."
Lorenzo is a two-time world championship winner and is in the awkward position of being in form, but unable to add a third crown to his trophy cabinet.
Marquez sewed up the championship by coming second to Lorenzo in Japan, with Valentino Rossi and Dani Pedrosa tied second on the rankings heading into Phillip Island.
Lorenzo knows he can push towards a podium finish by defending his 2013 triumph in Victoria but is wary of one of the most unique tracks in racing.
"Phillip Island is a wonderful track but also very special," he said.
"We are able to fight for second place and this should be our goal."
- AAP