The Bulgarian striker has endured a torrid run with injuries at Eastlands and was keen to get to a club where he could play regular first team football, especially with the strike power Mark Hughes has brought in this summer.
"Parma were the only team that wanted me and they did everything to have me here," Bojinov confirmed. "I am happy and hope to have fun.
"I know we will have a good time together. We have to work hard and show our worth. We have to understand we need to honour the shirt for the club and the fans. We have to work towards our objective, and that is to do well in Serie A.
"Parma are an important team and I am looking ahead. Following my past injuries, I am hoping to do well.
"I understand Parma will give me great satisfaction this season and I hope to be fully ready for the start of the season."