The 30-year-old was offered a deal by the Royals, where he stormed to the TTE Player of the Season award, but departs after a decade in Berkshire, which had made him Reading's longest serving player.
The news, which is broken by GetReading, will come as little surprise to many Royals fans, the Cherries had been interested for some time and it always seemed that holding on to Feds was going to be a matter of heart over head. Furthermore, being dropped by the Australian national team yesterday may have hastened a decision to rise back to the top flight of English football.
Federici will sign a three-year-deal after a medical, expected tomorrow, and then the news will probably become official via announcements from both clubs. He will be competing with Polish veteran Artur Boruc who signed a one-year deal at the Goldsands today.
Needless to say, we at The Tilehurst End thank Adam for his commitment to the Reading cause and which him all the best for the future.
The move has now been confirmed with both parties, with Federici releasing this letter of thanks to the fans.