Swansea had a loan offer turned down on Thursday but the Bluebirds agreed to a £ 1.2million loan fee with the Premier League champions for the 23-year-old.
Wilson made his first senior start for Liverpool against Arsenal in the Carabao Cup earlier this month.
The academy graduate scored seven goals in 31 Premier League appearances for Bournemouth last season.
A number of Premier League clubs had shown interest in Wilson earlier this summer, but after the October 5 deadline his only option to leave Anfield was an EFL club.
Meanwhile, Harvey Elliott will also play in the Championship for the remainder of the 2020/21 campaign after joining Blackburn on a one-season loan.
The 17-year-old winger has decided to move temporarily from Anfield to Ewood Park to gain more experience, with opportunities which should have been limited under Jurgen Klopp this season.
Elliott has made an appearance so far this season in Liverpool’s 7-2 Carabao Cup victory over Lincoln, before the Reds were eliminated by Arsenal earlier this month.
Signed from Fulham last summer, Elliott made two replacement appearances for Liverpool’s senior side and seven times in the FA Cup and League Cup combined.
Where can I follow the second day of the deadline?
Follow ‘Deadline Day 2’ with our Transfer center blog on Sky Sports digital platforms.
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