To provide a video signal reencoding device and a video signal reencoding method capable of increasing empty capacity of a storage medium by reencoding while suppressing deterioration of image quality.

Encoding recording mode discrimination means 7 outputs to a video encoder 1, multiplexing means 2, reencoding control information generation means 4, separation means 5, and a video decoder 6, encoding recording mode information indicative of encoding recording mode on whether reencoding control information is used upon encoding of a video signal or a decoded video signal and on whether encoding control information is output, based on an empty capacity of a storage medium 3 on which TS is recorded, encoding times from the reencoding control information generation means 4/encoding times in rate control information and an encoding average rate, and thresholds of the encoding times and the encoding average rate. For this, the reencoding is implemented based on the encoding recording mode information, so that it is possible to increase the empty space of the storage medium while suppressing the deterioration of image quality due to the reencoding by controlling the number of times of the reencoding and the encoding average rate by the thresholds.