Torchy Blane in Panama is a 1938 American mystery film directed by William Clemens and starring Lola Lane, Paul Kelly, and Tom Kennedy. Released on May 7, 1938, the fifth film in a series of Torchy Blane movies by Warner Bros. It is followed by Torchy Gets Her Man (1938).

Lola Lane was an American actress and one of the Lane Sisters with her sisters Leota, Rosemary, and Priscilla Lane. She appeared on Broadway and in films from the 1920s to 1940s.