Taylor succeeded long-serving boss Paul Tisdale almost eight years ago and led City to second place in League Two in 2022.
He moved on in October that year to join then-Championship side Rotherham United but was sacked after 13 months with the Millers in the relegation places.
He went on to spend a year in charge at Bristol Rovers before losing his job in mid-December 2024.
In that time Exeter have established themselves as a League One side – should they stay up this season their fifth successive campaign in the third tier would be their longest stint at that level of football since the late 1970’s and early 1980’s.
The club’s off-field infrastructure has also changed drastically in that time – a new training facility has been built while a new stand at St James Park was officially opened days after Taylor left.
“This club means an awful lot to me. The staff who are here mean an awful lot to me,” he added.
“It wasn’t on my radar, I’ve watched from afar and admired from afar in terms of what Exeter have done for a period of time.
“But I got a phone call from someone I really rate and someone I really trust and someone who felt I was the person to come in and help the team, which is the most important thing, until the end of the season.
“I was at the training ground yesterday and that was surreal, because I had left before that was in place.
“So to go into a facility like that and to see it first-hand was just incredible, because I know that the hard work which went into to getting that even planned, let alone built, and now it’s in in product, so it was absolutely incredible.
“The provision the players have got is second to none for League One, let alone Exeter City, and I’m looking forward to you know working well in that environment for next two months.”
