Scrum-half Webb, who has 31 Wales Test caps and two for the British & Irish Lions, has been released a year early from his contract with Toulon – the French side he signed for in 2017.
Bridgend-born Webb had previously spent a decade with the Ospreys
“It’s just great to come back to where rugby all started for me,” said Webb. “I am really looking forward to the challenge and fighting for the Ospreys jersey again.
“I have loved my time in Toulon, but it’s a relief to come home to the Ospreys. It’s where my family are, where I was brought up, and where rugby all started for me.
“To return to play for my home region again is just really special for me and I am so grateful for the opportunity to be able to do that again.
“I have been away for two years and I know there have been a lot of changes and that there are a lot of exciting young players coming through and some familiar faces too. I am looking forward to the challenge.
“Hopefully I can pass on my experience to the younger players and I am determined to do as much as I can to help the team.
“As I said at the time, nobody turns down Toulon and I wanted to experience something different.
“I am thankful that they have released me a year early from my contract and I am as excited about returning to the Ospreys as I was at going to France.
“Everybody knows how important my family is to me and being able to return home, especially to the Ospreys, is massive for me.
“I just can’t wait to pull the jersey on again and to run out in front of my fellow Ospreylians.”
Webb made his Ospreys debut off the bench against Ulster in March 2008.
He played 154 times for the Ospreys, scoring 39 tries, and became a firm favourite with the Ospreys faithful. Webb currently sits fourth on the Ospreys all-time try-scorer list.
“All of us at the Ospreys are delighted Rhys has decided to come home,” said Andrew Millward, the Ospreys managing director.
“He is a world class scrum-half and has proved that with the Ospreys, Wales, Toulon and the Lions. To be able to bring him back home is something all of us should be proud of.
“The Ospreys are in his DNA. Â During our discussions with him it became clear how important the Ospreys were to him and how much he wanted to wear the jersey again.
“His signing is a statement of our intent and ambition to build a squad capable of taking on the best in the Pro14 and in Europe.
“Rhys joins a squad full of experience and brimming with some of the most exciting young talent in Wales. I know how excited he is to play his role in the next chapter of the Ospreys story.”
