Raikkonen, 33, the 2007 world champion, will drive alongside Spain's Fernando Alonso, the man who replaced him at the Italian stable in 2009.
"Welcome back, Kimi! read a headline on the team website.
"Scuderia Ferrari announces that it has reached an agreement with Kimi Raikkonen. The Finn will join Fernando Alonso in the driver line-up for the next two racing seasons," continued the statement.
He will take over from Brazilian Felipe Massa to form an experienced partnership who can boast more than 50 Grands Prix wins -- 32 for Alonso and 20 for Raikkonen -- and three world titles between them.
Raikkonen left F1 in 2009, moving to the World Rally Championship, and was replaced at the Italian team by Alonso.
The flying Finn won nine Grands Prix with Ferrari, having also won nine during a five-year spell at McLaren, where he twice finished runner-up, in 2003 behind Michael Schumacher and then in 2005 to Alonso.
After a stint in NASCAR he returned to F1 in 2012 with Lotus, where he has won two Grands Prix.
"For next year, I want to find a team that can give me a competitive car to win many more races and challenge for the Championship which remains my greatest objective!" he said.
Massa spent eight years with Ferrari since joining from Sauber in 2006.
In 2008 he came within a couple of bends of winning the world title, only for Lewis Hamilton to snatch it by overtaking Timo Glock two corners from the end of the Brazilian Grand Prix.
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