The Cherries have not disclosed the transfer fee paid to Huddersfield Town for the central midfielder, who has inked a long-term contract.
Billing was the bright spark in a dismal season for Huddersfield that saw them demoted to the Championship, winning the club's Players' Player of the Year and Players' Young Player of the Year awards.
Commenting on his transfer to Bournemouth, he said : ''I’m delighted to become an AFC Bournemouth player. As soon as I heard of the club’s interest, there was never any doubt in my mind.
''It was an easy decision to make to come into a squad which is full of talented, international players and working with a manager of Eddie Howe’s quality.
''This is an exciting step forward for me and I can’t wait to get started.''
Billing made 91 appearances in all competitions for Bournemouth, scoring six goals.
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