The 19-year-old frontman recently returned from a similar spell with Bamber Bridge who are in the same division as the Dolly Blues.
Rodwell-Grant came through PNE’s academy and has played twice for the first team, coming on as a substitute in August against Mansfield Town in the Carabao Cup and in the Championship clash against Swansea at Deepdale.
He will spend a month at Lancaster on a youth loan which still allows him to train at PNE and play in reserve games if there are no fixture clashes.
North End now have seven players out on loan - Jordan Storey (Sheffield Wednesday), Josh Harrop (Fleetwood), Adam O’Reilly(St Patrick’s Athletic), Jamie Thomas (FC Halifax), Lewis Coulton (Warrington Town), Jacob Holland-Wilkinson (Bamber Bridge) and now Rodwell-Grant.

9. Sayyadmanesh deal nears completion
Fenerbahce striker Allahyar Sayyadmanesh is edging closer to a move to Hull City. (Gozmen Ozcan) (Photo by KHALIL MAZRAAWI/AFP via Getty Images) | AFP via Getty Images

10. Spurs still keen on Spence
Middlesbrough defender Djed Spence is still on Tottenham Hotspur’s shortlist this month. (Sky Sports) (Photo by DANIEL LEAL/AFP via Getty Images) | AFP via Getty Images