This paper throws light upon Structuralism and its place in New Literary Criticism. Structuralism provides innovative grounds for the analysis of literature. It represents an attempt to rethink everything in terms of linguistics. It aims to reveal the universal structure of language as a constructed system of rules. Structuralism is built on the founding stone of Saussurrean linguistics. Bringing back home, Structuralism as sign a new role to the reader in the process of reading which makes a sense in the activity of reading.