The Welsh left-back has put pen to paper on a two-and-a-half-year contract that will see him remain on the south coast until June 2018.
Wiggins returns to Vitality Stadium after previously spending two loan spells with AFC Bournemouth before signing a permanent deal in 2010.
He remained part of Eddie Howe’s setup until 2011 when he moved to Charlton Athletic. His performances at The Valley saw him selected in the 2012 League One PFA Team of the Year.
The 28-year-old then made the switch to Sheffield Wednesday on August 2015, where he made his debut in 4-1 League Cup victory over Mansfield Town.
Cherries Player HD subscribers can watch an exclusive interview with Rhoys Wiggins here