Ken Rosenthals of FOX Sports just tweeted this tonight, along with other confirmations coming around the league.
Scutaro will be re-joining the Giants roster for the next three years for $20 million. He hit a .362 average in the 61 games for the Giants last year after he hit only .271 for the Rockies in the first 95 games.
He was a huge part of the Giants World Series victory last season after winning the NLCS MVP award after hitting .500 with four RBI and a 1.140 OPS. With the Giants low on depth at second base, this signing is as important as the big 4/$40 million deal Pagan signed just two days ago.
The Giants have their entire World Series lineup locked up for next season with the signing of Scutaro. He joins Buster Posey (who will get a raise in arbitration from the Giants), Brandon Belt, Brandon Crawford, Pablo Sandoval, Hunter Pence, Gregor Blanco and Angel Pagan as the starting eight on the final 2012 World Series game.