The striker was a free agent after leaving Wigan in January and could feature for Dale at Bradford in Sky Bet League One on Saturday.
Holt scored 42 goals in 83 games for Dale between 2004 and 2006 before moving to Nottingham Forest
He made four substitute appearances on loan at Wolves earlier this season after recovering from a serious knee injury he suffered at Wigan
The 34-year-old joined Wigan in 2013 after a successful four-year spell at Norwich where he helped the Canaries into the Barclays Premier League.
He only played 27 times for the Latics, scoring twice, following an injury-plagued spell
Source : PA