Selanne had been skating with the club throughout training camp, waiting for the team to create enough cap space to accommodate his new salary, which occurred when the Ducks traded Mathieu Schneider to Atlanta on Friday.

"We're happy to have Teemu back and thank him for his patience as we sorted out our salary cap situation," said Ducks GM Brian Burke. "Teemu is a true Duck. His loyalty to this franchise and community is unquestioned."

A 10-time NHL All-Star, Selanne is Anaheim's all-time leader in goals (325), points (689), plus/minus (+117), powerplay goals (117), powerplay points (278), game-winning goals (54) and overtime goals (5).

"This is the only place I wanted to play," said Selanne. "We have great owners, great fans and a chance to win again. This team is hungry and ready to go."