The 33 year old had been on loan with the League Two side from Millwall but the London club released him this week paving the way for a permanent switch to the South coast.
Argyle manager Carl Fletcher spoke to the club's official website about the deal, "He's got the experience, so when he comes in and plays that comes across and it's something we've been looking for in the team."
Purse has made three appearances for the Pilgrims this season since signing on loan in November.
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