Jamie May was sought by Lancashire Police’s serious and organised crime unit (SOCU) – alongside local amateur footballer Lee Broadbent – after four kilos of cocaine were seized in the resort last year.
Now police have confirmed May, 32, of Foxdale Avenue, Layton, was arrested by Spanish police last week and flown back to the UK.
He faces allegations of conspiracy to supply Class A drugs.
Broadbent, also 32, of Mains Lane, Poulton, is still being sought and police are appealing for anyone with information about his whereabouts to contact them.
Det Insp Graham Gallagher, from SOCU, said: “The courts issued European arrest warrants for both May and Broadbent.
“It gives police in countries across Europe the powers to arrest them. The men’s descriptions have been circulated throughout Europe.
“When someone jumps on a plane they kid themselves into thinking they are safe.
“But the long arm of the law stretches very far, as this arrest shows.”
May has been remanded in custody and will appear again on April 24.
Police across Europe are still searching for Broadbent, who is thought to have travelled to Spain around October 7 last year.
It is understood the father-of-two travelled to Glasgow before flying to Belfast and then catching a plane to Malaga.
Det Insp Gallagher added: “Broadbent is still at large, we are still looking for him.
“We believe he is still in Spain and we are working closely with the authorities over there.”
Ten people from Blackpool and Manchester were charged with conspiracy to supply class A drugs following raids in January.
Another man has been charged with possession of cocaine with intent to supply.
The raids followed an investigation into an alleged drug trafficking operation which is thought to involve cocaine imported from South America.
One kilo of cocaine was seized by police in Blackpool on October 4 last year.
Nine days later, another kilo of the Class A drug was confiscated by police who stopped a car in the resort and hours later another two kilos were uncovered by officers who stopped a car at Blackpool Railway Station.
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