In a variable optical delay circuit to be used for compensation for polarization mode dispersion of an optical signal and for other purposes, there are provided a first birefringent member, a second birefringent member and a variable optical rotator interposed between the first birefringent member and the second birefringent member for varying a polarization state of light outputted from the first birefringent member. The birefringent members and the variable optical rotator are disposed on the same optical axis, and the optical axis of each of the birefringent members is set to perpendicularly intersect a traveling direction of inputted light. Therefore, by varying the optical rotation angle of the variable optical rotator, an arbitrary delay quantity corresponding thereto is obtainable in a continuous (analog-like) fashion without undergoing spatial separation between polarization components of the inputted light and varying the intensity (loss) of each of the polarization components.