Darren Lough played his final game of the season for the Colliers on Saturday in the derby defeat by Bedlington.
The 24-year-old returned to Woodhorn Lane last October after playing in Iceland.
Now the Ashington born defender or midfielder is returning to Iceland – although he has switched clubs.
Lough said: “I fly out from Glasgow to Iceland later in the month to begin pre-season training with Akrannes, who last term were relegated from the premier league to the first division.
“They are looking to bounce straight back and from my point of view it will be a new challenge.”
Lough’s spell with the Colliers ended in disappointment on Saturday, but he still believes the club is continuing to progress.
“There have been a lot of highs this season and it is a young team who are coming on really well,” he said.
“Everybody is pulling in the same direction and they are a tight knit group who are looking for the same thing – progress.
“Going out of the FA Carlsberg Vase to Wisbech was admittedly a low point, but I have noticed a massive improvement.
“The management team have brought in a lot of good players and every one has gelled, so things are going along very well.”
Ashington boss Gary Middleton said: “Darren has been a terrific servant for us.
“He has performed well again this season and naturally it’s disappointing to see him leave.
“I am honoured to have had him in our squad and hope to welcome him back again in October.”