Hanley, 27, rejoins Radcliffe after featuring for them during the curtailed 2020/21 season.
The former Manchester United youth player has played for nine teams in his eight year senior career, including playing for the likes of Blackburn Rovers, Swansea City, Northampton Town and Hereford, among others.
The club added in a statement: "Raheem is a welcome addition back at the Neuven Stadium, as Boro fans already know what to expect from him, he will also be in the squad for Tuesday night’s game away at last Saturday’s FA Cup opponents, Morpeth Town."
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