It is known that several optimization problems can be converted to a fixed point problem for which the underline fixed point operator is an averaged quasi-nonexpansive mapping and thus the corresponding fixed point method utilizes to solve the considered optimization problem. In this paper, we consider a fixed point method involving inertial extrapolation step with relaxation parameter to obtain a common fixed point of a countable family of averaged quasi-nonexpansive mappings in real Hilbert spaces. Our results bring a unification of several versions of fixed point methods for averaged quasi-nonexpansive mappings considered in the literature and give several implications of our results. We also give some applications to monotone inclusion problem with three-operator splitting method and composite convex and non-convex relaxed inertial proximal methods to solve both convex and nonconvex reweighted \(l_Q\) regularization for recovering a sparse signal. Finally, some numerical experiments are drawn from sparse signal recovery to illustrate our theoretical results.