The successful exfoliation of graphite to graphene sheets in liquid phase via tip sonication was achieved. A number of solvents were examined for several time periods and it was found that o-dichlorobenzene (o-DCB) and N-methyl-1,2-pyrolidone (NMP) are ideal solvents to exfoliate graphite and produce stable 10 dispersions of graphene. The exfoliated graphene dispersions were characterized by complementary techniques including AFM, DLS, TGA and Raman. Furthermore, treatment of stable dispersions of exfoliated graphene sheets in NMP with poly[styrene-b-(2-vinylpyridine)] block copolymer, under acidic conditions, resulted on aqueous solubilization of graphene. Similar results were obtained, i.e. transfer of graphene from the organic to the aqueous phase, when poly(isoprene-b-acrylic acid) block copolymer was 15 added on exfoliated graphene in NMP.