Voltage sags/swells and harmonics are recurring problems in electric energy distribution systems. In order to solve these issues, several dynamic voltage restorer (DVR) topologies, such as the conventional three-wire DVR, have been proposed in the literature. Despite its capability of mitigating voltage disturbances, many researchers have established that conventional three-wire DVR cannot compensate for zero sequence voltage disturbances. In this paper, an in-depth study of the conventional three-phase DVR is presented, which shows that this DVR topology can also be used to attenuate zero sequence voltage components without increasing control complexity. The necessary conditions for this to occur are discussed in details and a brief comparison between the conventional three-wire DVR and other DVR topologies that can compensate for zero sequence voltage disturbances is made. Experimental results are included to validate the theoretical study.