Marciano, 27, helped Hibs win the Scottish Championship and the club have acted quickly to strike a deal with FC Ashdod.
Manager Neil Lennon has made no secret of the fact he wanted Marciano back for the top-flight challenge, prompting lengthy negotiations between the clubs.
Hibs are expected to pay Ashdod in the region of 150,000 Euros and have agreed a sell-on clause to secure his signature.
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