Shodipe, 19, escaped from Police custody on August 11, after confessing to killing no fewer than five persons in Akinyele Local Government Area of Oyo State.
The suspect was believed to have killed the persons, mainly women, for ritual purposes.
Oyo State Police Command Spokesperson, Gbenga Fadeyi, confirmed the re-arrest of Shodipe on Sunday.
A security source confirmed that he was re-arrested in the home of his grandmother in Ojoo area of Ibadan.
Earlier, the Inspector General of Police, Mohammed Adamu sent in a crack team of detectives to complement the efforts of the officers of the command after Shodipe escaped from custody.
The Oyo State Commissioner of Police, Chuks Enwonwu, had placed a N500,000 bounty on the suspect.