Surfactant-wrapped chemically converted graphene sheets obtained from reduction of graphene oxide with hydrazine were functionlized by treatment with aryl diazonium salts. The nanosheets are characterized by X-ray photoelectron spectroscopy, attenuated total reflectance infrared spectroscopy, Raman spectroscopy, atomic force microscopy, and transmission electron microscopy. The resulting functionalized nanosheets disperse readily in polar aprotic solvents, allowing alternative avenues for simple incorporation into different polymer matrices.