The 27-year-old impressed during a loan spell with the Ligue 1 side in the second half of last season, making 10 appearances and providing two assists as Auxerre secured another year in the French top flight.
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After discussions over extending his stay, the two clubs reached an agreement for another loan until the end of the 2026/27 campaign.
As with his previous spell, the deal does not include an option to buy. Faivre becomes Auxerre’s first signing of the summer transfer window.
However, he will return to a changed setup, with former Southampton manager Will Still replacing Christophe Pélissier, who left the club following the conclusion of last season.