Daniel Tozser will be returning to Watford where he spent the end of last season on loan after new club Parma agreed he could leave.
The Hungarian international was formerly owned by Genoa where he fell out with coaching staff and was farmed out to Watford last January.
Tozser made his Watford debut in February and cemented his place in the team for the rest of the Championship season, making 20 appearances.
Parma signed the 29-year-old at the end of last week, but have immediately agreed to loan him back out to Watford in a two-year loan deal.
Watford will have the option to extend the loan for another year afterwards or to make the deal permanent for a fee that will be fixed between the two clubs.
Parma's decision to buy Tozser from Genoa seems to have been made in the hope that the midfielder continues to impress at Watford and his value rises.
Despite Tozser's form being impressive enough to earn a return to the national set-up, it appears that Parma don't see him as having a first-team future at Marassi and are happy to let him play his football elsewhere.
Tozser is now expected to meet up with the rest of the Watford squad in training in Austria.