Step 1: Identify the centre and radius.
Given circle is
\[
(x+\lambda)^2+(y+1)^2=\lambda^2.
\]
So, its centre is
\[
C(-\lambda,-1)
\]
and radius is
\[
r=|\lambda|.
\]
The external point is
\[
O(0,0).
\]
Therefore,
\[
OC=\sqrt{(-\lambda)^2+(-1)^2}
=
\sqrt{\lambda^2+1}.
\]
Step 2: Use the angle between tangents formula.
If the angle between tangents from an external point is \(\theta\), then
\[
\sin\frac{\theta}{2}=\frac{r}{OC}.
\]
Here,
\[
\theta=\frac{\pi}{2}.
\]
So,
\[
\sin\frac{\pi}{4}
=
\frac{|\lambda|}{\sqrt{\lambda^2+1}}.
\]
Step 3: Substitute \(\sin\frac{\pi}{4}\).
\[
\frac{1}{\sqrt2}
=
\frac{|\lambda|}{\sqrt{\lambda^2+1}}.
\]
Squaring both sides,
\[
\frac12=\frac{\lambda^2}{\lambda^2+1}.
\]
\[
\lambda^2+1=2\lambda^2.
\]
\[
\lambda^2=1.
\]
Step 4: Final conclusion.
Therefore,
\[
\boxed{\lambda^2=1}
\]