return v.

word-forming element meaning "back, back from, back to the original place;" also "again, anew, once more," also conveying the notion of "undoing" or "backward," etc. (see sense evolution below), c. 1200, from Old French re- and directly from Latin re- an inseparable prefix meaning "again; back; anew, against."

Watkins (2000) describes this as a Latin combining form conceivably from Indo-European *wret-, metathetical variant of *wert- "to turn." De Vaan says the "only acceptable etymology" for it is a 2004 explanation which reconstructs a root in PIE *ure "back."

In earliest Latin the prefix became red- before vowels and h-, a form preserved in redact, redeem, redolent, redundant, redintegrate, and, in disguise, render (v.). In some English words from French and Italian re- appears as ra- and the  following consonant is often doubled (see rally (v.1)).

The many meanings in the notion of "back" give re- its broad sense-range: "a turning back; opposition; restoration to a former state;" "transition to an opposite state." From the extended senses in "again," re- becomes "repetition of an action," and in this sense it is extremely common as a formative element in English, applicable to any verb. OED writes that it is "impossible to attempt a complete record of all the forms resulting from its use," and adds that "The number of these is practically infinite ...."   

Often merely intensive, and in many of the older borrowings from French and Latin the precise sense of re- is forgotten, lost in secondary senses, or weakened beyond recognition, so that it has no apparent semantic content (receive, recommend, recover, reduce, recreate, refer, religion, remain, request, require). There seem to have been more such words in Middle English than after, e.g. recomfort (v.) "to comfort, console; encourage;" recourse (n.) "a process, way, course." Recover in Middle English also could mean "obtain, win" (happiness, a kingdom, etc.) with no notion of getting something back, also "gain the upper hand, overcome; arrive at;" also consider the legal sense of recovery as "obtain (property) by judgment or legal proceedings." 

And, due to sound changes and accent shifts, re- sometimes entirely loses its identity as a prefix (rebel, relic, remnant, restive, rest (n.2) "remainder," rally (v.1) "bring together"). In a few words it is reduced to r-, as in ransom (a doublet of redemption), rampart, etc.

It was used from Middle English in forming words from Germanic as well as Latin elements (rebuild, refill, reset, rewrite), and was used so even in Old French (regret, regard, reward, etc.).

Prefixed to a word beginning with e, re- is separated by a hyphen, as re-establish, re-estate, re-edify, etc. ; or else the second e has a dieresis over it: as, reëstablish, reëmbark, etc. The hyphen is also sometimes used to bring out emphatically the sense of repetition or iteration : as, sung and re-sung. The dieresis is not used over other vowels than e when re is prefixed : thus, reinforce, reunite, reabolish. [Century Dictionary, 1895]

late Old English turnian "to rotate, revolve," in part also from Old French torner "to turn away or around; draw aside, cause to turn; change, transform; turn on a lathe" (Modern French tourner), both from Latin tornare "to polish, round off, fashion, turn on a lathe," from tornus "lathe," from Greek tornos "lathe, tool for drawing circles," from PIE root *tere- (1) "to rub, turn." Transitive sense in English is from c. 1300. Related: Turned; turning.

Use in expression to turn (something) into (something else) probably retains the classical sense of "to shape on a lathe." To turn up "arrive, make an appearance" is recorded from 1755. Turn about "by turns, alternately" is recorded from 1640s. To turn (something) loose "set free" is recorded from 1590s. Turn down (v.) "reject" first recorded 1891, American English. Turn in "go to bed" is attested from 1690s, originally nautical. To turn the stomach "nauseate" is recorded from 1620s. To turn up one's nose as an expression of contempt is attested from 1779.

Turning point is attested by 1640s in a figurative sense "point at which a decisive change takes place;" literal sense "point on which a thing turns; point at which motion in one direction ceases and that in another or contrary direction begins" is from 1660s.