The 23-year-old has been rewarded for his impressive performances for the Cherries, having featured in all 15 of their matches across competitions this season.
Hill, who has previously represented England at youth level, has been called up as cover for Ezri Konsa, who will be rested for England's opening clash against Croatia.
However, the Arsenal defender will remain with the squad and could feature against Spain in what is expected to be a crucial encounter to decide the winner of Nations League Pool A Group C.
Hill's inclusion follows another defensive change, with Dan Burn called up on Monday after Marc Guehi withdrew from the squad.
Guehi suffered an injury during the weekend defeat to Nottingham Forest and will remain at his club during the international break.
Burn, who has 11 senior England caps, has already joined up with the squad at Tottenham Hotspur's training ground.
Hill began his professional career at Fleetwood Town before joining Bournemouth in 2022 for a reported 1.2 million euros.
Chelsea have warned club employees about the risks of revealing confidential team information through Fantasy Premier League selections after Joao Pedro's quad injury was inadvertently exposed.
The Netherlands have suffered a double injury setback after captain Virgil van Dijk and striker Brian Brobbey withdrew from the squad ahead of their final two Nations League group matches.
Alexis Mac Allister has challenged Liverpool to raise their performance levels when they return from the November international break, despite ending their Premier League campaign with a convincing 3-1 victory over Crystal Palace.
Bayern Munich have confirmed that Manuel Neuer has suffered a partial tendon tear in his right foot, raising further concerns over the veteran goalkeeper's fitness.
