The Slovenian has been out of work since his Elland Road sacking.
NK Maribor (English) (@nkmaribor_en) March 2, 2016
Milanic previously coached the Slovenian giants for five years before heading to Austria with Sturm Graz and then finding his way to an unsuccessful stint with Leeds.
Speaking to the press in Slovenia he has told 24 Ur about his return to Maribor and how it came about:
"I am pleased that I'm back home. In an environment where I enjoyed myself for many years.
"I understand that Maribor has become different from in the meantime. A lot of good has happened and the club has grown. I look forward to this challenge.
"I had no barriers, confirmed here, before I finished my sentence.
"Pressure? That was always perfectly clear. Even at my first arrival I realised this. If I choose to be charged, then I would never coached Maribor."
It had previously been believed that Milanic was unable to find himself another management job until June under the agreement met with chairman Massimo Cellino after agreeing his Leeds United exit, as reported by Ekipa 24.
However it appears as though an agreement has been brokered, as Milanic will now attempt to get back to better days with his former club.
Former Sturm Graz and Maribor boss Milanic was appointed at Leeds in the wake of Dave Hockaday’s dismissal but endured a miserably short spell at the club. After just 32 days in charge and after failing to win any of his six games with the club, controversial owner Cellino gave him the boot.