Inspector Jacques Clouseau is called back into action when the infamous Pink Panther diamond is stolen, along with a series of other thefts around the world. The thief, known only as "The Tornado," has taken artifacts from various locations, prompting an international uproar. To recover these priceless items and solve the case, Clouseau joins a dream team of international detectives, bringing his unique, sometimes clumsy, methods to the group. Each member is a top sleuth from their respective countries, creating a dynamic yet conflicting team dynamic as they embark on their mission.

The investigation leads the team across Europe, following a trail of clues that seem to mock their every move. Clouseau's unconventional techniques often lead to humorous mishaps but also unexpected insights. While the rest of the team tries to stick to traditional methods, Clouseau's persistence and unorthodox approach begin to win them over. Amidst the high-stakes chase, Clouseau's relationship with his team and his potential love interest, Nicole, begins to deepen, showcasing his development from a solely comedic figure to a more rounded character. As they get closer to the thief, the team must learn to work together, leveraging their diverse skills and Clouseau's peculiarities to solve the mystery.