Zubar is due to join up with Kevin Blackwell's squad on Friday and is available to make his debut against Shrewsbury at the weekend.
Guadeloupe international Zubar, the younger brother of Wolves defender Ronald, moved to England when he joined Plymouth in summer 2010 - a year before his switch to Bournemouth on a free transfer.
The 26-year-old has made a combined total of 62 appearances for both clubs.
"He's been there, done it, bought the T-shirt," Blackwell told the Bury Times.
"He's big, he's strong, he's quick. We've got to try and stop the stupid goals going in."