Parker, 23, has penned a two-year contract with the option of a further 12 months following a successful first season with the Seasiders.
"It's a plus because if hed walked away at the end of the season then it would have been a loss to us," manager Colin Hendry told Blackpool's website.
Parker scored 12 times last season to finish as Blackpool's leading scorer after Scott Taylor moved to Plymouth.
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