Yes. Solar panels are primarily composed of glass and aluminum, which can be recycled as such. However, panels may someday also be recycled for reuse as panels.
Solar panels have an expected life of 30 years. So solar panel recycling is in its infancy. Some research has been done into how panels could be recycled into new panels. Here is a reference. The article points out that recycling is cost effective, but that the infrastructure is not there. We have every reason to believe it will be there within twenty years.