The 27-year-old left-back joined Dover from Wood last June on a one-year contract and made 45 appearances, scoring twice in the process.
He moved to the Kent coast having also made 45 appearances for fellow Wood during the 2016/17 season.
He joined Wood ahead of that season after playing 70 times for then SkyBet League Two side York City.
The 6`1” Ilesanmi began his career at AFC Wimbledon before joining Queens Park Rangers.
The Southwark-born defender then spent a brief spell in Kent with Isthmian League side Ashford Town (Middx) before signing for Dagenham & Redbridge in 2010.
In a four-year spell with the Daggers, Ilesanmi, who played in Nigeria’s in-house friendly at Barnet in April 2016, made 133 appearances in League Two and cup competitions.
Ilesanmi told Wood`s press officer Craig Draycott: “It is good to be back at Meadow Park, obviously I have got some good memories there and hopefully this time around, we can have some even better memories.
“The manager Luke Garrard had a big part to play in it, I really believe in Luke and I really like the way he manages. I think that he is one of the best managers in the league.
“The chairman had a part to play as well, because I have got a good relationship with him, and also, I feel that Boreham Wood have got one of the best squads in the league, but it goes under the radar.
“When you look at the players and the squad, I think that the standard is very high, and we should definitely be up there again this year."
Garrard said: “I obviously know Femi from his time here before and I believe that he is one of the strongest left-siders in the league. I think that he brings an athleticism, an experience, and his one-v-one defending is very good.
“He knows our system and he plays in a manner that suits it perfectly. He is progressive when over the half way line, so very, very positive.
“He knows the club very well and he knows that we are going places. He was actually one of my guests at Wembley for the Promotion Final, because I had spoken to him at length, once the season was over.
“He saw first-hand how much we had progressed in the year that he had been away from the club, so I think that it was a no-brainer on his part.
“I am just glad that we could get the signature over the line, because I feel that he has a lot to offer, when playing within the system that we do”.
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