Jones announced his AFL retirement last November after choosing not to meet the league's COVID-19 vaccination mandate.
But with that mandate now dropped, Jones has decided to resurrect his AFL career at the Bulldogs.
The Bulldogs released a statement on Thursday confirming Jones' intention and the 31-year-old will move there as an unrestricted free agent.
Depending on the size of the contract, Carlton are set to receive a compensation pick via the AFL.
Jones started his career at the Dogs, notching 66 games across five seasons before switching to Carlton at the end of 2014.
He added another 95 across seven seasons at the Blues before being forced into early retirement.
Meanwhile, Fremantle defender Luke Ryan says he will feel flat if Rory Lobb and a host of other teammates leave during the upcoming trade period.
Lobb, who is contracted for next season, has already formally requested a trade to the Bulldogs, while Griffin Logue, Blake Acres, Darcy Tucker, Liam Henry, and Joel Hamling are others who could also leave.
Logue, who spent a large part of this season as a forward after being squeezed out of his preferred backline position, is being heavily chased by North Melbourne.
The Kangaroos are also interested in signing Tucker, with Hawthorn, Geelong, Essendon and Collingwood also in the race.Â
Acres, who was pictured taking home his personal possessions from Fremantle following his exit meeting on Wednesday, is expected to join Carlton.
The 26-year-old Acres enjoyed a career-best season this year, averaging 21.7 disposals per game playing predominantly on the wing.
First-round draft pick Henry and premiership defender Hamling are contracted for 2023, but have fallen out of favour and could leave if the right offer pops up.
"It's going to be pretty flat if we lose a fair few of those players," Ryan told 6PR.
"It's up to them, it's their business. I'll try and stay out of it as much as possible."
Fremantle have been linked to contracted Gold Coast wingman Jeremy Sharp, who hails from WA and could request a trade home.
Melbourne big man Luke Jackson has requested a return to WA, leaving West Coast and Fremantle to fight for his services.
The Eagles are set to play hard ball with Port Adelaide for Junior Rioli, who has been offered a four-year deal by the Power.
St Kilda's Ben Long has requested a trade to the Suns, while Port midfielder Karl Amon wants to move to the Hawks.
GWS pair Jacob Hopper and Tim Taranto are keen to join Richmond, while their Giants teammate Tanner Bruhn looks set to link up with the Cats.
Adelaide defender Luke Brown has announced his retirement following 189 games across 11 seasons at the Crows.