Souths Doing the Renovation Thing.

South Sydney coach Craig Coleman will build a new-look Rabbitohs line-up around Willie Peters after signing the highly-rated halfback for the next three National Rugby League seasons.

Souths on Wednesday confirmed the recruitment of Peters and Sydney Roosters test forward Bryan Fletcher on three-year deals and Wests Tigers three-quarter Ahmad Bajouri for two seasons as the club strives to lift itself out of the premiership doldrums.

The Rabbitohs also re-signed promising junior Nathan Merritt for another year.

Souths have struggled to settle on a halfback this season but Coleman, himself a former quality No.7, said he'd hit the jackpot luring Peters, 23, back to Redfern from St George Illawarra.

"He'll give us much-needed direction and his kicking game is second to none," Coleman said.

"He's very enthusiastic about returning to South Sydney. He is a top-class halfback, he's only 22 or 23 and his best football's ahead of him.

"We're going to build our team around Willie Peters."

Souths have slipped to equal-last on the table in their first season back in the NRL but chief executive Paul Dunn was confident the club's strong recruitment drive will help the Rabbitohs challenge for a top-eight position in 2003.

The Rabbitohs are also confident of signing Queensland State of Origin duo Chris Walker and Ashley Harrison from the Brisbane Broncos.

Dunn said the club was hopeful of announcing more good news before the end of the week.