| Association | : |  Federación Panameña de Fútbol |
| Nickname(s) | : | Los Canaleros, La Marea Roja |
| Confederation | : | CONCACAF - UNCAF |
| FIFA code | : | PAN |
| FIFA rank | : | 33 (3 April 2025) |
| Most Caps | : | Gabriel Gómez (148) |
| Top Scorer | : | Luis Tejada (43) |
| Home stadium | : | Estadio Rommel Fernández |
| Head coach | : |  Thomas Christiansen |
Squad
The following players were called up for the 2025 CONCACAF Nations League Finals matches against the United States and Canada or Mexico on 20 and 23 March 2025, respectively. Caps and goals correct as of 8 February 2025, after the match against Chile.
| Num | Position | Name | Date of Birth (Age) | Caps | Goals | Club |
|---|---|---|---|---|---|---|
| 1 | GK | Luis Mejía | 16-03-1991 (33) | 53 | 0 |  Nacional |
| 12 | GK | César Samudio | 26-03-1994 (30) | 4 | 0 |  Marathón |
| 22 | GK | Orlando Mosquera | 25-12-1994 (30) | 32 | 0 |  Al-Fayha |
| 2 | DF | César Blackman | 02-04-1998 (26) | 28 | 2 |  Slovan Bratislava |
| 3 | DF | José Córdoba | 03-06-2001 (23) | 21 | 0 |  Norwich City |
| 4 | DF | Fidel Escobar | 09-01-1995 (30) | 84 | 3 |  Saprissa |
| 5 | DF | Edgardo Fariña | 21-09-2001 (23) | 10 | 0 |  Khimki |
| 13 | DF | Martín Krug | 09-07-2006 (18) | 1 | 0 | Atlético Levante |
| 15 | DF | Jorge Gutiérrez | 01-09-1998 (26) | 3 | 0 |  Deportivo La Guaira |
| 16 | DF | Carlos Harvey | 03-02-2000 (25) | 11 | 1 |  Minnesota United |
| 19 | DF | Iván Anderson | 24-11-1997 (27) | 12 | 1 | Marathón |
| 23 | DF | Omar Valencia | 08-06-2004 (20) | 3 | 0 | New York Red Bulls |
| 6 | MF | Cristian Martínez | 06-02-1997 (28) | 49 | 1 |  Ironi Kiryat Shmona |
| 7 | MF | José Luis Rodríguez | 19-06-1998 (26) | 53 | 7 |  Juárez |
| 8 | MF | Adalberto Carrasquilla | 28-11-1998 (26) | 62 | 2 | UNAM |
| 11 | MF | Edward Cedeño | 05-07-2003 (21) | 0 | 0 | Tarazona |
| 14 | MF | Janpol Morales | 22-06-1998 (26) | 1 | 0 |  Macará |
| 20 | MF | Aníbal Godoy (captain) | 10-02-1990 (35) | 143 | 4 | San Diego FC |
| 9 | FW | Tomás Rodríguez | 09-03-1999 (26) | 4 | 0 | Monagas |
| 10 | FW | Ismael Díaz | 12-05-1997 (27) | 42 | 9 | Universidad Católica |
| 17 | FW | José Fajardo | 18-08-1993 (31) | 55 | 15 | Universidad Católica |
| 18 | FW | Cecilio Waterman | 13-04-1991 (33) | 41 | 11 |  Coquimbo Unido |
| 21 | FW | Gustavo Herrera | 18-11-2005 (19) | 1 | 0 | Puebla |