The Foxes, who have already qualified for the knockout phase, are now five points clear at the Group F summit ahead of second-placed Everton's visit to Holmes Park later this month.
Leon Maloney handed Pompey a slim advantage against the run of play after 70 minutes but, with just four minutes remaining, Belgian youngster Eppiah pounced to seal a draw at Nyewood Lane.
Goals: Portsmouth U23s 1 Leicester City U23s 1
All the goals from the Development Squad's 1-1 draw with Portsmouth in the Premier League Cup at Nyewood Lane.
It was Pompey who threatened early on as Theo Widdrington sent a free-kick inches wide before Bradley Lethbridge nodded it the wrong side of Bramley’s far post from a tight angle.
Bradley Lethbridge then caused concern in the Foxes penalty area when his cross reached Dan Smith in the centre, but his header flew comfortably over the bar.
Pompey first team manager Kenny Jackett was in attendance, meanwhile, to keep tabs on 36-year-old trialist Jonathan Douglas, the former Leeds United and Ipswich Town midfielder.
However, the ex-Ireland international was matched in the middle by the dogmatic performances of Choudhury and Dewsbury-Hall, two of City’s most reliable figures this term.
After the restart, Barnes was able to pick out a gap in the penalty area to test Bass once again, but the 19-year-old ‘keeper was able to get a hand to it.
Eppiah Over The Moon With Foxes Strike
Youngster Josh Eppiah spoke to LCFC TV following his goal for the Development Squad during Tuesday's 1-1 draw at Portsmouth in the Premier League Cup.
With just over 20 minutes remaining, Barnes lashed it at goal, forcing Bass to parry it to Eppiah, although the home stopper managed to deny the Belgian.
Despite Leicester's pressure, the deadlock was broken at the other end in the 70th minute as Maloney picked his spot in the bottom corner to complete a quick-fire counter.
While City toiled for a late equaliser, Barnes, Eppiah, Knight and Martis all had attempts blocked in a backed penalty area and they eventually got their reward.
When a low cross from Martis found its way to Eppiah, the Foxes man just had to apply a deft touch to finally get it past Bass.
Entrusted with a key role in the heart of midfield in Bognor Regis, young midfielder Kiernan Dewsbury-Hall rose to the occasion and led by example to his colleagues.
The Shepshed-based Academy product broke into the Development Squad ranks last term and has cemented his place in Steve Beaglehole’s Under-23s with a string of assured displays.
Where does it leave us?
Now top of Group F by a margin of five points, the Foxes know avoiding defeat against Everton at Holmes Park next month will confirm their status as pool winners.
Leicester are on 11 points, Everton on six (with three games to play), Portsmouth on five and Barnsley on three.
City have just under a fortnight to prepare for the visit of Arsenal to Holmes Park in Premier League 2 on Monday 19 February (7pm kick-off) after the Gunners overtook them in second.
Portsmouth: Bass, Dandy, Whatmough (Hancott 45), Casey, Haunstrup (Johnston 67), Bedford, Douglas, Widdrington, Lethbridge (Maloney 51), Smith, Chaplin (c)
Subs not used: Collins, Read
Goal: Maloney 70
City: Bramley, Johnson, Wood, Kaba Sherif (Ndukwu 45), Knight, Hughes, Choudhury (c), Dewsbury-Hall, Touray (Martis 45), Barnes, Eppiah
Subs not used: Ughelumba, Yates, Shade
Goal: Eppiah 86
Referee: Adam Penwell
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