In many areas, such as speech processing, communication, and measurement systems, where the actual signal is not directly available, Wiener deconvolution is a widely used signal restoration technique. The accuracy of the estimated signal in Wiener deconvolution is determined by the unknown filter parameter. To compute this unknown parameter, complex and time-consuming numerical as well as iterative computation approaches were proposed in the literature, which also often compute an unoptimized unknown filter parameter. To address the computational problem and estimate a more accurate unknown filter parameter, the authors reported an analytical solution in a prior work for a given signal to noise ratio. However, it was revealed that the actual optimum parameter value also varies with noise also. In this paper, the authors propose a new analytical solution for optimum parameter estimation that includes noise as well. The authors compared the modified analytical solution to existing numerical computation methods for different values of Signal to Noise Ratio and demonstrated that the proposed methods’ optimum parameter estimation is always close to the actual optimum value, which resulted in more accurate signal deconvolution. Proposed mathematical solutions are also verified with experimental signals, acquired in a laboratory.