Jones was recognized as the Sun Belt Conference Player of the Year in 2020-21 after averaging 19.3 points on 36.8% shooting from distance, along with 7.2 rebounds.
The 23-year-old singled out Wolverines head coach Juwan Howard as a factor in his decision.
"I had a great relationship with coach Howard. He was just understanding in my whole thought process," Jones said to Borzello.
Jones' commitment bolsters a Michigan 2021 recruiting class already ranked first in the nation, according to Rivals.com.