 In November 2017, rumours were flying around that Maloney was set to take a player swap deal with Matt Moylan from the Penrith Panthers to join their respective clubs on 3-year deals.A month later on 3 December 2017, it was announced that Maloney signed the 3-year deal with the Penrith Panthers, worth $2.4 million and Matt Moylan was released from his contract to join the Sharks in the player swap deal.In Round 1 of the 2018 NRL season, Maloney made his club debut for his 5th club the Penrith Panthers against the Parramatta Eels, playing at five-eighth in the 24-14 win at Penrith Stadium.