The left-back, 20, was at Dean Court over the weekend to watch his new team-mates finish runners-up in the inaugural EC Group Cup to German outfit FC Saarbrucken.
Malone is yet to make a first-team appearance for Wolves but spent the most of the 2009/10 season on loan at Southend before enjoying the majority of last term with Burton, making a total of 26 appearances for the Brewers and scoring once.
Malone, a former England Under-19 international, will line up for the Cherries in Tuesday night's pre-season friendly against Wimborne Town.
Source: Team Talk
Source: Team Talk