IO megafunction altpll not available for cyclone V in Quartus II 14.1

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Use the search feature to look for PLL. What you are looking for is called Altera PLL or ALTPLL depending on what FPGA or Quartus version you are using.

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Success.

I am using web edition (64-bit) of Quartus II v.14.1.

In IP catalog, I can find "Altera PLL" under library->Basic function->Clocks;PLL and Resets-PLL

I right click on "Altera PLL", then click on "Add version 14.1...". The generation process start after I enter "pll' as IP variation file name.