Parole board boss Ketut Artha says officers will now watch the convicted drug smuggler more closely.
He may also personally warn her about the company she is keeping - but he won't revoke her parole.
"With this case, we will tighten supervision for her," he said.
"We will also warn her and visit her more often. Early next month she is due to report [to the parole office] and we will warn her."
Police said they had no plans to investigate Corby because the pair's relationship is unclear.
Corby's parole officer has also said she never mentioned a boyfriend in her counselling sessions.
Corby met Panangian, a surfer, behind bars in Kerobokan jail. He was freed before she was, but since her release in February they have been photographed together in Kuta.
Panangian faces up to 12 years in jail if he is found guilty of the drug charges.
- AAP