Arfield revealed interest from Rangers first materialised several months ago.
Arfield's excitement intensified when he discovered Steven Gerrard was going to be his new manager.
He began his career at Falkirk and made more than 120 appearances for the club before moving to England to join Huddersfield in 2010.
Rangers have clear issues in their defence that Steven Gerrard and Mark Allen must address in the summer.
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Scott Arfield feels he left Scotland a "wee boy" and returns a "natural leader" who is ready to meet the expectations of playing for Rangers.
"I said cheerio to them yesterday but I think I'll be seeing them in three weeks or something", said Arfield. His driving from midfield.
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Speaking on being Gerrard" first signing, Arield said, "Of course there is pride.
Gerrard and former team mate, McAllister, are combing to take on a job many would consider toxic, but it makes for an intriguing season to see him go up against his old manager next term.
'He is a talented and competitive midfielder who has competed at a high level in the English Premier League and internationally for Canada.
"It's pleasing also we have been able to start our rebuilding process so quickly after the end of the season".
'Scott is the first one in and I look forward to working with him and others who will be coming in to strengthen the squad.' He added.
The Clarets enjoyed their best season since the 1970s this year, finish 7th to earn a place in next season's Europa League.