Motherwell signed former Celtic and Morton right-back Craig Reid just hours before their Friday night clash with Dundee United.
Reid (27) spent time at the club during the summer and was part of the pre-season trip to Spain, also playing 90 minutes against Doncaster Rovers.
’Well boss praised Reid’s abilities, but elected to sign Stephen McManus when he became available.
Reid said: “I am delighted to be here, it’s great to have finally signed.
“I came in during the summer and I am familiar with the place, the boys and the management here.
“I was disappointed things didn’t work out in the summer as I really wanted to come here, but Stuart McCall was always honest with me and I understood and appreciated that.
“I am here now though, I feel fit and I am looking forward to getting to started.”
Meanwhile, ’Well made a loss of £184,500 last season despite finishing second in the league.
The club honoured ‘generous bonuses’ based on pre-season agreements, but exiting both cups early also damaged possible revenue while the prize money for finishing runners-up was slashed by £900,000.
In addition ’Well made just £100,000 in transfers which came courtesy of Jamie Murphy’s move to Sheffield United last January.
Turnover for the year was up more than £650,000 to almost £5.2 million, mainly due to the club’s participation in the Champions League and Europa League qualifiers.
The board stressed fan ownership was ‘critical’ to the club’s long-term sustainability and also reported the club continue to avoid having any bank debt.
The previous season ’Well posted a loss of £600,000.