Eddie will then return to the Warriors fold on a permanent basis, after becoming the ninth leading member of the squad to sign a new deal in recent months.
The 26-year-old, who enjoys huge popularity with the club's players and supporters, told www.glasgowwarriors.org: "I'm thrilled to have been given the opportunity to play a full role in the Warriors squad over the coming two campaigns.
"I love being part of the club and I'm massively excited about where it's heading. The squad is growing in strength in depth all the time, the atmosphere around the place is first class, and I'm convinced we're on the right road. It's certainly the most excited I've been about Glasgow's potential in the five and a bit years I've been here.
"I've been really fortunate to have the chance to play for Scotland 7s this season, and it's an experience that I've benefited from considerably.
"My skills and fitness have been examined closely, I've been part of a team that's claimed silverware and I've been able to keep myself in sight of the Warriors coaches at a time when they've been looking at the squad for next year.
"I'd like to thank [7s head coach] Graham Shiel for the opportunity, and look forward to helping the team achieve more success over the course of the remaining tournaments."
Warriors head coach Sean Lineen commented: "James is a talented, hungry player who has won a place in the hearts of the Glasgow crowd with his passionate, committed style.
"Before the 7s season began, he was in the form of his life for us, scoring a crucial try in our away win over Cardiff and bringing some real aggression to our play. We'll be looking for more of the same once he comes back on board next season, and I'm delighted to have tied him down."
Between the RaboDirect PRO12 and Heineken Cup, Eddie has made 67 appearances for the Warriors since graduating to the senior squad from the academy in 2006.
News of his re-signing represents the perfect start to another huge week for Glasgow Warriors, who face reigning Heineken Cup champions Leinster at Firhill on Sunday in a crunch Pool 3 tussle (kick-off 12.45pm).
With both clubs on the trail of knock-out European rugby, the game promises to be one of the biggest continental clashes ever staged on Glaswegian soil.
Supporter demand for the match is high, with all available tickets for the Jackie Husband stand now snapped up. Tickets for the North stand are now on sale via www.glasgowwarriors.org, by calling 0844 800 3490 and in person at the Gordon Street and Sauchiehall Street branches of Greaves Sports, our official retail partner.
Fans are encouraged to buy in advance to avoid match-day queues, with adult tickets purchased online or over the phone by midnight on Saturday 14 January offering a £5 saving on the match-day price of £20. Students/senior citizens £10, under-18s £5.
As a thank you for their sustained support, Warriors season ticket holders can bring a friend or family member to the match for free. Season ticket holders should use Voucher 9 themselves, and have their guest use Voucher A. Season ticket holders and their guests can sit together in the Jackie Husband stand, where we have allocated the appropriate number of seats.