Folly spent four months on loan at Hillsborough last season
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Sheffield Wednesday have signed Southampton midfielder Yoann Folly for an undisclosed fee on a one-year deal.
The France Under-21 international joined Southampton from St Etienne in July 2003 for £250,000 and made his Premiership debut in March 2004.
He started 10 Premiershp games for Southampton, but spent much of last season on loan at the Owls under former Saints boss Paul Sturrock.
Southampton will be due a development compensation fee for 21-year-old Folly.
Sturrock has also placed Wednesday midfielder Glenn Whelan on the transfer list.