Re-signed following his reluctant departure in November 2001, the Kop hero was back at Anfield.
"I can't really believe it's happened again," said an ecstatic Fowler after joining his beloved club for a second time.
"I'm so happy it's frightening.
"To travel back to Anfield was great. To actually put pen to paper... well, it is something that I have wanted to happen for a long time."
The Toxteth-born Academy graduate had established himself as one of the club's most lethal and revered strikers after making his goalscoring debut as a fresh-faced teenager in September 1993.