The present investigation deals with studies on wettability, miscibility, and morphology of the macromolecularly modified EPDM. Two different maleated EPDM rubbers (grafted rubber) were chosen (0.5 and 1% maleation) for such modification and they were used in various proportions. Wettability of the rubber substrate, as observed from dynamic contact angle measurement, was improved using these grafted rubbers. Results of X-ray photoelectron spectroscopy showed an increase in oxygen level with higher levels of grafted rubber in the blends. Morphology study by transmission electron microscopy showed a smaller domain size for the blend with higher maleic anhydride content in the grafted rubber. The viscosity versus blend ratio results showed a negative deviation behavior for blends with 1% grafted rubber, whereas a positive negative deviation behavior was observed in blends with 0.5% grafted EPDM. As the strength of interaction increased, the glass transition shifted to a higher temperature. All blends were heterogeneous, as indicated by different degrees of dispersion.