The 36-year-old, who is his nation's most capped player with 125 senior appearances, was officially released from Craven Cottage earlier this month.
However, after much consideration, he has now put pen to paper on a new one-year deal with the London club.
Karagounis made 25 Premier League appearances last season.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Liverpool | 15 | 11 | 3 | 1 | 31 | 13 | 18 | 36 |
| 2 | Chelsea | 16 | 10 | 4 | 2 | 37 | 19 | 18 | 34 |
| 3 | Arsenal | 16 | 8 | 6 | 2 | 29 | 15 | 14 | 30 |
| 4 | Nottingham ForestNott'm Forest | 16 | 8 | 4 | 4 | 21 | 19 | 2 | 28 |
| 5 | Manchester CityMan City | 16 | 8 | 3 | 5 | 28 | 23 | 5 | 27 |
| 6 | Bournemouth | 16 | 7 | 4 | 5 | 24 | 21 | 3 | 25 |
| 7 | Aston Villa | 16 | 7 | 4 | 5 | 24 | 25 | -1 | 25 |
| 8 | Fulham | 16 | 6 | 6 | 4 | 24 | 22 | 2 | 24 |
| 9 | Brighton & Hove AlbionBrighton | 16 | 6 | 6 | 4 | 26 | 25 | 1 | 24 |
| 10 | Tottenham HotspurSpurs | 16 | 7 | 2 | 7 | 36 | 19 | 17 | 23 |
| 11 | Brentford | 16 | 7 | 2 | 7 | 32 | 30 | 2 | 23 |
| 12 | Newcastle UnitedNewcastle | 16 | 6 | 5 | 5 | 23 | 21 | 2 | 23 |
| 13 | Manchester UnitedMan Utd | 16 | 6 | 4 | 6 | 21 | 19 | 2 | 22 |
| 14 | West Ham UnitedWest Ham | 16 | 5 | 4 | 7 | 21 | 29 | -8 | 19 |
| 15 | Crystal Palace | 16 | 3 | 7 | 6 | 17 | 21 | -4 | 16 |
| 16 | Everton | 15 | 3 | 6 | 6 | 14 | 21 | -7 | 15 |
| 17 | Leicester CityLeicester | 16 | 3 | 5 | 8 | 21 | 34 | -13 | 14 |
| 18 | Ipswich TownIpswich | 16 | 2 | 6 | 8 | 16 | 28 | -12 | 12 |
| 19 | Wolverhampton WanderersWolves | 16 | 2 | 3 | 11 | 24 | 40 | -16 | 9 |
| 20 | Southampton | 16 | 1 | 2 | 13 | 11 | 36 | -25 | 5 |
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