Mixtures of ionic liquid with polyethylene glycol (PEG) have shown interesting features as solubilizing media. Intramolecular excimer formation dynamics of 1,3-bis-(1-pyrenyl)propane [1Py(3)1Py] is investigated within mixtures of a common and popular ionic liquid 1-butyl-3-methylimidazolium hexafluorophosphate ([bmim][PF6]) with PEGs of average molecular weight (MW) 200 (PEG200), average MW 400 (PEG400), number-average MW Mn 570-630 (PEG600), and number-average MW Mn 950-1050 (PEG1000) over the complete composition range at a 10° interval in the temperature range 10-90 °C. Irrespective of the composition of the medium and the temperature, excited-state intensity decay of the excimer fluorescence best fits to a three-exponential decay function, suggesting the presence of one excited-state monomer and two kinetically distinguishable excimers where both excimers are populated simultaneously by the excited monomer with no interconversion between the two excimers. In neat PEGs for temperatures ≤ 50 °C, intensity decay data of monomer fluorescence best fits to a single-exponential decay function, which implies the dissociation of both excimers back to the monomer to be insignificant. As the temperature is increased, the fits become closer to a double-exponential decay function, implying dissociation of one of the excimers to become significant. In neat [bmim][PF6], while a double-exponential decay function is required to fit the monomer excited-state intensity decay data at lower temperatures, three exponentials are required to satisfactorily fit the data at higher temperatures, suggesting both excimers significantly dissociate back to the monomer at higher temperatures within the ionic liquid. Within long-chain PEG-containing ([bmim][PF6] + PEG) mixtures, PEG as opposed to [bmim][PF6] controls the excimer formation dynamics by supposedly wrapping around the excimer, thus hindering dissociation back to the monomer. The overall rate constant of the excimer formation within ([bmim][PF6] + PEG) mixtures is found to scale better with the microviscosity rather than the bulk viscosity of the mixtures.