The player, who can play in the middle of the park or as a full-back, impressed as he featured regularly for his national side at the World Cup in Russia including their last-16 defeat to England.
He has been at Spanish side Levante since 2015 on an initial loan move from Atletico Huita in Colombia, and has made 57 appearances and scored 2 goals in that time for the Valencia-based club.
A defensive midfielder for the most part, he is expected to cost £17 million according to 'Sky Sports', as Eddie Howe's team look to make their second addition of the summer transfer market.
Sheffield United's David Brooks joined the 'Cherries' for a fee of £11.5 million, as they look to strengthen their squad to improve upon the 12th place finish that they achieved in the Premier League last season.