Ritchie has agreed a five-year contract at Newcastle and becomes their third signing of the summer.
Reports claim the fee is believed to be between £10m-£15m.
“It’s an unbelievable feeling to come to a football club like this,” said Ritchie.
“I loved it at Bournemouth – I had a fantastic time there and it had a huge impact on my career. But when a club like Newcastle comes calling, I couldn’t pass up this opportunity.”
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?