The present subject matter relates to a touch panel, a driving method thereof, and a display device, for multi-touch function of an in cell capacitive touch panel in a twisted nematic mode. The touch panel includes an array substrate and a color filter substrate arranged oppositely, and a liquid crystal layer formed therebetween. The array substrate includes gate lines, data lines and pixel units each formed by adjacent gate lines and adjacent data lines arranged crosswise. Each pixel unit includes a thin film transistor and a pixel electrode, and the color filter substrate includes common electrodes. The pixel electrodes load data signals through the data lines in a display period, and load driving signals through the data lines in a touch-control period. The common electrodes load common electrode signals through common electrode lines in the display period, and output sensing signals through the common electrode lines in the touch-control period.