Femtosecond direct laser writing is a well-established and robust technique for the fabrication of photonic structures. Herein, we report on the fabrication of buried waveguides in AgPO3 silver metaphosphate glasses, as well as, on the erase and re-writing of those structures, by means of a single femtosecond laser source. Based on the fabrication procedure, the developed waveguides can be erased and readily re-inscribed upon further femtosecond irradiation under controlled conditions. Namely, for the initial waveguide writing the employed laser irradiation power was 2 J/cm2 with a scanning speed of 5 mm/s and a repetition rate of 200 kHz. Upon enhancing the power to 16 J/cm2 while keeping constant the scanning speed and reducing the repetition rate to 25 kHz, the so formed patterns were readily erased. Then, upon using a laser power of 2 J/cm2 with a scanning speed of 1 mm/s and a repetition rate of 200 kHz the waveguide patterns were re-written inside the glass. Scanning electron microscopy (SEM) images at the cross-section of the processed glasses, combined with spatial Raman analysis revealed that the developed write/erase/re-write cycle, does not cause any structural modification to the phosphate network, rendering the fabrication process feasible for reversible optoelectronic applications. Namely, it is proposed that this non-ablative phenomenon lies on the local relaxation of the glass network caused by the heat deposited upon pulsed laser irradiation. The resulted waveguide patterns Our findings pave the way towards new photonic applications involving infinite cycles of write/erase/re-write processes without the need of intermediate steps of typical thermal annealing treatments.