The deal was done Saturday with the restricted free agent.
Folin had two goals, eight assists and 13 penalty minutes in 40 games as a rookie for Minnesota last season, also playing 13 games for the Iowa Wild in the AHL. The 24-year-old native of Gothenburg, Sweden, was undrafted but signed with the Wild out of UMass-Lowell near the end of the 2013-14 season.
Folin played sparingly down the stretch after the Wild acquired veteran defenceman Jordan Leopold in a trade.
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