Reading took the lead early on when Adrian Mariappa headed home for the visiters, before Wes Thomas equalised after an impressive team move.
The Royals re-took the lead in the second-half when Hal Robson-Kanu earned a penalty and then dispatched the spot-kick to give the visitors the lead.
But the Cherries hit back once again when Miles Addison headed to earn a draw in an enjoyable friendly.
There was a buoyant atmosphere around the Goldsands Stadium after AFC Bournemouth legend Harry Redknapp unveiled the club’s new training ground - and the excitement continued as the Cherries took to the pitch with Premier League newboys Reading.
In a vibrant start to the match, home debutant Eunan O’Kane set up Marc Pugh who had a shot well blocked by the Royals’ defence. Minutes later, a corner from Pugh found the head of Matt Tubbs, but his effort was just wide of Reading’s goal.
But after ten minutes, our visitors took the lead. Nicky Shorey’s inswinging free-kick from the right reached Mariappa, who made no mistake with a strong header.
Reading then looked to quickly double their lead, and came close when Shorey’s dangerous free-kick tested Cherries goalkeeper Shwan Jalal before Royals striker Noel Hunt came close.
It prompted a reaction from Bournemouth, and the Cherries managed to keep hold of the ball well which allowed Tubbs to surge forward and find Pugh, but his fierce strike was off target.
O’Kane then pushed forward adventurously, and teed up Shaun MacDonald for a long range strike which flew just inches over the bar.
Continuing to apply the pressure, Tubbs linked up well with Thomas before setting up Pugh for a shot, but Royals ‘keeper Adam Federici made a smart save.
The Cherries then got what they deserved after an excellent team move. Tubbs found space down the right and put in a superb cross for Thomas, who slotted home to equalise after 33 minutes.
It was a slick move from Paul Groves’ men and epitomised the style of play that the management have implemented into the team.
Right-back Simon Francis then put in a dangerous cross from the flank, but Mariappa eradicated the danger well. O’Kane headed wide from the resulting corner, moments before the half-time whistle blew.
Reading started positively in the second-half with the sun coming out at the Goldsands Stadium. Skipper Jobi McAnuff crossed for Sean Morrison, but the defender headed over.
The Royals continued to be a threat in Bournemouth’s half, and had a chance when the ball fell to Simon Church, but the Welshman’s weak effort was saved with ease by Jalal.
On the hour mark, the visited made wholesale changes, bringing eight players on including Adam Le Fondre, who had an effort roll wide shortly after coming on.
Another substitute, Pavel Pogrebnyak, also came close to making an instant impact after Mariappa’s cross found the Russian - but his header came back off the post.
With less than 20 minutes to go, Reading were awarded a somewhat fortuitous penalty. Referee Malone judged that trialist Jonathon Meade had brought down substitute Robson-Kanu – though the contact appeared to be minimal.
Robson-Kanu stepped up to take the penalty, and calmly scored past Jalal to the left-hand corner of the goal to put the Royals 2-1 up.
The Cherries went in search of an instant reply, and nearly found it when Thomas’ shot was blocked before MacDonald fired over from distance.
But an equaliser did come just two minutes later. Marc Pugh got hold of the ball down the left, and delivered a sumptuous cross towards Addison, who headed home with a powerful close-range header.
Several players were brought on from both sides towards the end, including former Cherries’ loanee Jem Karacan, who tested Jalal with a side-footed effort.
But 2-2 was how it finished in an entertaining match where Groves’ men certainly matched the Premier League opposition.
Cherries: Jalal, Francis, Addison (Cargill 86), Zubar (Bowles 76), Meades, Partington (Gregory 76), McDonald (Arter 83), O’Kane, Pugh (McDermott 85), Tubbs (Stockley 83), Thomas (Grabban 76).
Goals: Thomas (33) Addison (81)
Royals: Federici, Cummings (Pearce 60), Morrison (Gorkss 60), Mariappa, Shorey (Harte 60), McCleary (Obita 60), Leigertwood (Guthrie 60), Tabb (Karacan 70), McAnuff (Robson-Kanu 60), Hunt (Pogrebnyak 60), Church (Le Fondre 60).
Goals: Mariappa (10) Robson-Kanu (72)