Military spokesman Col Ismael Wague is quoted by the Reuters news agency as saying after the talks ended that the final decision on any interim administration would be made by Malians.
Mali’s coup is cheered at home but upsets neighbours.
But the idea that Mr Keïta could return to power may have been scuppered by the man himself, AFP news agency reports.
It quotes separate statements from the two sides saying that the president, who has been in detention since the coup last Tuesday, no longer wished to return to office.
The mediation team – led by Nigeria’s former President Goodluck Jonathan – will now report to regional heads of state on the progress made, Col Wague is quoted as saying.
The talks began with a brief session on Saturday and then continued through both Sunday and Monday.
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