This study was conducted to evaluate the effects of Tenebrio molitor (TM) oil as a total replacement for palm oil and poultry fat in broiler chicken diets on growth performance, nutrient digestibility, pancreatic enzyme activity, selected blood parameters and the lipid fatty acid compositions of liver and breast muscle tissues. A total of 72 seven-day-old female Ross 308 broiler chickens were used. The birds were randomly distributed into three groups with 12 replicates each, using two birds per replicate for 30 days in metabolic cages. The basal diet was supplemented with 5% palm oil, poultry fat or TM oil. There was no effect (p > 0.05) caused by the dietary oil replacement on the birds’ performance and apparent nutrient digestibility. Liver size (p = 0.033), the concentration of hepatic triglycerides (p = 0.049) and total cholesterol (p = 0.048) were reduced by TM oil supplementation. Furthermore, TM oil supplementation increased n-3 and n-6 fatty acids (p = 0.006; p < 0.001, respectively) in breast muscle tissue. In conclusion, the use of TM oil in broiler chickens’ diets did not show any adverse effects on performance, nutrient digestibility and blood biochemical parameters. Moreover, TM oil supplementation improved the fatty acid profiles of liver and breast muscle tissues.