The 24-year-old hasn’t featured for the Royals this season, but made eight appearances for Motherwell during a loan spell with the Scottish Premiership side.
Taylor’s loan spell at Fir Park has ended early so that he can immediately join up with his new club, who take on Hartlepool United in the league this weekend.
The midfielder told Exeter’s website: “I came down here on loan a few years ago and played a few games, so I’m excited to have the chance to come back and hopefully play a few more. I think that having already been here, and knowing the manager and a few of the boys, played a big part.
“Working under Tis again will be good for me; he’s done really well at the club, and that played a big part in me making the decision to come down here. I’ve been at Reading since I was eight, so it feels like I’ve been there all of my life. I’m looking forward to reaching out and experiencing something completely different. It may be an environment that I’m already familiar with, but it gives me a good platform.
“I watched the games against Liverpool, but I haven’t watched much else this season, but I have followed the club since I’ve been here, and I’ve always looked to see how they are getting on.”
The Wales international previously featured for the Grecians during the 2011-12 season, scoring three goals in 30 appearances for Paul Tisdale’s side, who sit 13th in the League Two table.
Taylor joined Reading’s academy as an eight year old, before making his first-team debut in a League Cup match against Northampton Town in 2010.
Reading and Exeter fans…What do you make of this news? Is Taylor a good signing for Exeter, or will he be missed at Reading? Let us know your thoughts and opinions in the comments below!