The 29 year-old striker will hope to recapture the form he enjoyed when on loan to Maccabi from Derby in 2017/18, when he scored 12 goals. He endured a dismal season last year on loan in Spain's second division with Sporting Gijon, when plagued by injury he only managed 11 appearances and two goals.
Maccabi CEO Ben Mansford said: “We are all delighted that Nick will be returning to Maccabi. He showed everyone what he was about during the 2017/18 season and therefore needs no real introduction.
“Nick came to meet manager Vladimir Ivic in Holland last week and it was clear that he was excited to become part of a Championship-winning group and to play his part in pushing forward this season.
“Nick will give Vlada another attacking option and this will add to the already strong competition across the front line."
Born in Salford, Blackman, the son of a West Indian father and Jewish mother, took out Israeli citizenship in 2018 and hopes to play for the Israel national team. He studied at King David school in Manchester and has also played for Blackburn, Sheffield United and Reading.