Islanders GM Garth Snow reacquired the 26-year-old defenceman Saturday, picking Meyer up on re-entry waivers from the Phoenix Coyotes.
"The injuries we've recently had on our blue line prove you can never have enough depth," Snow said in a release. "We've always liked Freddy. He's an intense competitor and he's a very solid defenceman in all areas who is still just 26 years old.
"We only lost him earlier in the season because of a numbers game."