Princess Yolanda of Savoy (1 June 1901 – 16 October 1986) was the eldest daughter of King Victor Emmanuel III of Italy.

She was born Principessa Iolanda Margherita Milena Elisabetta Romana Maria di Savoia (English: Princess Yolanda Margaret Milena Elizabeth Romaine Mary of Savoy) in Rome, Italy, as the eldest child and daughter of King Victor Emmanuel III of Italy and Elena of Montenegro.

During the Great War, newspapers published reports of her engagement to the Prince of Wales, the future Edward VIII, who was serving in Italy in 1918.

There was no basis for these rumors, but they were resurrected in 1919 when Yolanda joined her mother Elena of Montenegro, her sister Princess Mafalda of Savoy, and the Duchess of Aosta (Princess Hélène of Orléans) on a visit to Paris, where the prince happened to be at the same time.

After King Victor Emmanuel's death, Yolanda and her family returned to Italy, where they lived at Castelporziano.