The 22-year-old defender, who plays predominately at left-back, is set to join the Cherries following their promotion to the Premier League. He was given permission to hold talks with Eddie Howe on Wednesday, and terms have been agreed to see him transfer to Dean Court.
Former Aberdeen winger Ryan Fraser is set to move to Ipswich on loan for the 2015/16 season as part of the deal, which will see the Tractor Boys pocket a large profit on Mings’ sale.
They signed him from Chippenham Town in 2012 for just £10,000, and the former Southampton trainee only truly broke onto the scene last term.
He was a regular for Mick McCarthy’s men as they fought their way to the play-off semi-finals, making 44 appearances in all competitions, scoring one goal and registering five assists.
The report claims he was the centre of interest from Aston Villa, Newcastle and West Brom - all established Premier League clubs - but the deal to Bournemouth was accelerated as they were willing to match the £8 million asking price placed on his head.
He is a signing of real promise, having proven himself in the Championship, but doubts will remain about Mings due to his large transfer fee until he has shown he can cut it in the Premier League.