Callow joined the Hawks as the 17th overall selection in the 2021 Mid-Season Draft, departing the Redlegs in favour of an opportunity in the AFL.
The 20-year-old made his debut this season against Melbourne at the MCG in Round 7 and would play two further matches, averaging eight disposals per game.
At the conclusion of the 2022 season, Hawthorn announced Callow would not be offered a new deal.
The Tasmanian will now return to the Parade, joining Norwood's premiership defence next year.
"The Norwood Football Club is thrilled to announce the return of Jackson Callow to The Parade in 2023," a club post reads.
"Having been at Hawthorn for 18 months, where he played 3 AFL games, Jackson will pick up for the Redlegs where he left off after being taken by Hawthorn in the 2021 mid-season draft.
"A terrific character who was very popular and respected in his first stint at Norwood, Jackson will add great firepower and versatility to the forward line.
"In his first half of the 2020 season before being drafted he proved a handful for opposition backs with his forward presence, athleticism, strong marking, and ability to hit the scoreboard.
"Jackson is a genuine key forward and when teaming up with the likes of Premiership forwards in Jarvis, Panos, Surman, Lowe and McLean, it presents an imposing challenge for the opposition in 2023.
"We welcome Jackson back to Norwood in 2023 and look forward to what he can bring to our footy club."
Callow is Norwood's first signing of the off-season, with his signature offsetting the recent departures of premiership duo Jay Rantall and Henry Nelligan.