Joe Lewis joined Blackpool on a season-long loan from Cardiff City in August 2014.
The former England Under-21 international made three appearances for The Bluebirds last season, making his Premier League debut against Hull City.
Prior to joining Cardiff in 2012, Lewis spent four-and-a-half years with Peterborough United and was a key part of Football League promotions with the club.
After impressing early on in his Blackpool career, Lewis was nominated from the September Player of the Month award for the Sky Bet Championship.
His move to Blackpool includes an option to make the switch permanent further down the line.
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