The number of total knee arthroplasties performed worldwide is on the rise. Patient-specific planning and implants may improve surgical outcomes but require 3-D models of the bones involved. Ultrasound (US) may become a cheap and nonharmful imaging modality if the shortcomings of segmentation techniques in terms of automation, accuracy, and robustness are overcome; furthermore, any kind of US-based bone reconstruction must involve some kind of model completion to handle occluded areas, for example, the frontal femur. A fully automatic and robust processing pipeline is proposed, generating full bone models from 3-D freehand US scanning. A convolutional neural network (CNN) is combined with a statistical shape model (SSM) to segment and extrapolate the bone surface. We evaluate the method in vivo on ten subjects, comparing the US-based model to a magnetic resonance imaging (MRI) reference. The partial freehand 3-D record of the femur and tibia bones deviate by 0.7-0.8 mm from the MRI reference. After completion, the full bone model shows an average submillimetric error in the case of the femur and 1.24 mm in the case of the tibia. Processing of the images is performed in real time, and the final model fitting step is computed in less than a minute. It took an average of 22 min for a full record per subject.