Below is a summary of the full article. Click here for the full version or go back to LFC Live.net
Gannon Doak's sale means Liverpool have now sold eight players this summer for a combined total of £227.6m, having spent £321m on new signings.
Sky Sports News reported earlier in the window that Doak was seeking regular first-team football this season.
It is understood Porto had made a bid for Doak earlier this summer, with Stuttgart, Bologna and Monaco among the other European clubs eyeing a move for the teenager.
A host of Premier League clubs, including Nottingham Forest, West Ham, Leeds, Everton and Wolves, were also interested in the Scotland international this summer.
Also See:
Liverpool rejected bids of around £20m from Crystal Palace and Ipswich in the January transfer window.
Doak spent last season on loan at Middlesbrough, scoring three goals and adding seven assists in 24 Championship appearances before an injury in January cut his season short.
Gannon Doak: Bournemouth 'perfect fit' for meTwitter.
You can use the buttons below to amend your preferences to enable Twitter cookies or to allow those cookies just once.
To view this content you can use the button below to allow Twitter cookies for this session only.
Enable Cookies!
Allow Cookies Once
Gannon Doak could make his Bournemouth debut on Saturday at home in the Premier League against Wolves and he will wear the number 11 shirt.
He said: "I'm buzzing to be here.
It's fast and it really suits my game, so I felt like I couldn't say no to the chance to play here."
Gannon Doak is the Cherries’ fourth summer signing, taking the club's spending to just under £100m following the arrivals of goalkeeper Djordje Petrovic, left-back Adrien Truffert and centre-back Bafode Diakite.
Tiago Pinto, the club's Head of Football Operations, said: "Ben is an exciting young talent who has shown his quality at the highest level despite his age.
"?He brings pace and energy that will fit our model well, and we're thoroughly looking forward to helping him fulfil his potential at AFC Bournemouth.
"?We're pleased to bring another player into the club during this window as we continue to reinvest in the squad."
Sky Sports to show 215 live PL games from this season
From this season, Sky Sports' Premier League coverage will increase from 128 matches to at least 215 games exclusively live.
And 80 per cent of all televised Premier League games next season are on Sky Sports.
For more news relating to Everton, visit our sister site EFC Live.