Forward Alexander Radulov will rejoin the Nashville Predators, effective immediately.
The 25-year-old Radulov, who spent the last four seasons with Salavat Yulayev of Russia's Kontinental Hockey League, was named the most valuable player in the KHL for the 2009-10 and 2010-11 seasons.
Radulov originally left Nashville after being suspended by the club for failing to notify them of his return for the 2008-09 season.
"Adding the best player in the world not currently in the National Hockey League can only help the Nashville Predators," said Predators general manager David Poile. "Alex is a terrific talent and a proven goal-scorer who will now have a chance to help the Predators and play against the best teams and players in the world. We always believed he would return. We welcome him back and look forward to his contributions."
Radulov posted career-highs with 26 goals, 32 assists and 58 points in 81 games for the Preds in 2007-08. Over his two-year career, the winger compiled 44 goals and 95 points in 145 contests.
Under the terms of his original three-year, entry-level deal signed in 2006, once Radulov plays in an NHL game this season, the final year of the contract is activated and he will become a restricted free agent on July 1.
With 92 points, the Predators are currently fourth in the Western Conference with nine games left to play. They trail St. Louis by eight points in the Central Division and for first place in the West.