Lee enjoyed a brief spell with the Gingerbreads last season, making 10 appearances in all competitions.
He scored in their win at Witton Albion in October 2021 and made his final appearance as a substitute away at FC United of Manchester later that month.
Grantham, currently third-bottom, face a big test on Tuesday night away at Shildon, one of only two sides below them in the league table.
Keep up-to-date with our exclusive email newsletters.
Subscribe