By virtue of Baileys well-known bilateral 6psi_6 summation formula and Watsons transformation formula,we extend the four-variable generalization of Ramanujans reciprocity theorem due to Andrews to a five-variable one. Some relevant new q-series identities including a new proof of Ramanujans reciprocity theorem and of Watsons quintuple product identity only based on Jacksons transformation are presented.