Robertson arrived at Bloomfield Road last July on a two-year deal but has failed to establish himself at the Championship club, with the 3-0 defeat at Cardiff in September marking his only appearance.
The 27-year-old Scot, who joined Blackpool from Dundee United, is set to return north with Hibs on a two-and-a-half-year deal.
Robertson, a twice-capped Scotland international, amassed over 100 appearances for the Terrors over a four-season spell at Tannadice after beginning his senior career at Dundee.
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