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The interim leader earlier said there will be no negotiations with Bakiyev, while the deposed president told reporters in the southern Kyrgyz city of Jalalabad that he was ready for negotiation.
Meanwhile acting chairman of Kyrgyz National Security Service Keneshbek Duishebayev told a press conference here on Friday that they have known Bakiyev's whereabouts.
"We know what places he has been visiting. But we have not taken any tough measures in order to avoid armed clashes, " he said.
According to Duishebayev, the president was somewhere in the southern Jalalabad region with the company of 15 to 20 people, while his sons Maksim and Marat have already left the country.
Baikyev's brother, Zhanybek Bakiyev, who was currently wanted by the interim government, should be held fully responsible for Tuesday's bloodshed, said Deputy Prime Minister Azimbek Beknazarov of the interim government in a televised speech.
Zhanybek Bakiyev was in the Chuy region guarded by armed people, said Duishebayev.
Kyrgyz opposition parties on Thursday formed an interim coalition government, while Bakiyev refused to step down after clashes that left at least 75 people dead and more than 1,400 injured.
Uncertainties around the political prospects of the Central Asian country remained foggy.
Military Commandant of Bishkek Turat Madalbekov voiced concerns that supporters of Bakiyev might sabotage the peace and security of the capital, as they possess "a large amount of weapons."
Madalbekov urged Bishkek residents to raise awareness and report suspectable people to the police in time.
Residents in the Jalalabad region were also worried about possible clashes between Bakiyev's and the interim government's supporters