replace

Replace is built from re-, a prefix meaning "again" or "back," and place. The two were simply joined in English to make a new verb.

The facts don't show a shift in meaning beyond its formation — it was made in English from re- plus place, combining "again" with "place" straightforwardly.

It shares its re- prefix with countless other English words built the same way, though no specific cognate is given in the facts here.