The converter switching in variable-frequency drives can generate high frequency common mode voltage between the machine winding and the converter ground, leading to high frequency parasitic currents which can flow through the machine bearings unless precautions are taken in design and installation. These parasitic and unintended currents in the bearings cause deterioration of the lubrication film and surface damage to the rolling elements of the bearings. These problems will be exacerbated as wide-bandgap semiconductors with faster switching rise times start becoming more widespread in variable-frequency drives. This paper reviews the modelling and mitigation techniques of high frequency bearing currents in inverter fed AC drives. It aims to provide a solid base for the research community to further understanding the bearing currents phenomenon and helping to find novel improved technique for their mitigation and measurement.