The promising 21-year-old has previously been loaned out to Colchester and Yeovil.
He will be managed by former Blues striker Jimmy Floyd Hasselbaink who took over as head coach of the club last year.
Meanwhile, teenager Jonathan Muleba has left the Blues by signing a two-and-a-half year contract with Bournemouth's development squad.
The versatile 18-year-old defender decided to move to the south coast despite being offered a contract extension by the Premier League club.
"I've been looking forward to coming here for a few weeks now," Muleba told the Cherries official website.
"I've seen that the players in the development squad get opportunities here and the chance to train with the first team, which was important to me.
"It's always difficult to leave home, because I'm from London, and what you know, but in terms of football it was quite an easy decision."