Sevilla travelled to the Jose Zorrilla for their La Liga clash against Valladolid on Saturday.
And Julen Lopetegui's men fell behind before half-time as Fabian Orellana fired Valladolid into the lead from the spot-kick.
Sevilla looked almost certain to drop all three points at the Jose Zorrilla before Bounou snatched a brilliant equaliser in injury time.
Shocking defending from Valladolid allowed Sevilla's players to desperately hit the ball around the box in the hopes of finding the 'right' target.
Sevilla's hopes of finding said right target were answered as the ball eventually managed to land into the path of Bounou.
The 29-year-old Moroccan connected with the ball first time and fired a superb side-footed strike past Roberto Jimenez.
Bounou took his shirt off while he wheeled away in celebration as Sevilla players swamped their teammate for his stunning equaliser.
Sevilla are currently fourth in La Liga and are eight points adrift of league leaders Atletico Madrid.
Barcelona are currently second and are one point behind fierce rivals Real Madrid.
Sevilla will host Atletico at the Ramon Sanchez-Pizjuan in their next La Liga clash after the international break.
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