The Launceston 26-year-old played a pivotal role in Lancashire Lightning winning last year’s competition, finishing as joint leading wicket-taker (25 at 12.64) and dismissing both Northamptonshire openers in the final. Faulkner also scored 302 runs in his 13 matches.

The three-time Ricky Ponting Medallist also amassed 23 wickets (including a hat-trick) and 310 runs plus his maiden first-class century as Lancashire were promoted to Division One of the county championship.

Lancashire head coach Ashley Giles said he was thrilled to have Faulkner back.

“He’s a world-class cricketer, a true competitor and a great guy to have in the dressing room and his experiences at international level will really benefit the squad,” Giles said.

Faulkner added: “Finals day at Edgbaston was one of the best days of my career so hopefully we can replicate the success.”