diff --git a/model-optimizer/extensions/front/interpolate_reshape.py b/model-optimizer/extensions/front/interpolate_reshape.py
index 4b3dfc4b5b1..c75bd8f8004 100644
--- a/model-optimizer/extensions/front/interpolate_reshape.py
+++ b/model-optimizer/extensions/front/interpolate_reshape.py
@@ -171,11 +171,12 @@ class InterpolateWithConcat(FrontReplacementPattern):
 
             # Interpolate could be connected to Concat through identity operations, skipping them
             next_node = self.get_single_output_destination_safely(interpolate)
-            while next_node.soft_get('type') != 'Concat' and next_node.has_and_set('identity'):
-                node = self.get_single_output_destination_safely(next_node)
-                if node is not None:
-                    next_node = node
-                else:
-                    break
-            if next_node.soft_get('type') == 'Concat':
-                self.make_interpolate_reshape_able(interpolate, next_node)
+            if next_node is not None:
+                while next_node.soft_get('type') != 'Concat' and next_node.has_and_set('identity'):
+                    node = self.get_single_output_destination_safely(next_node)
+                    if node is not None:
+                        next_node = node
+                    else:
+                        break
+                if next_node.soft_get('type') == 'Concat':
+                    self.make_interpolate_reshape_able(interpolate, next_node)
diff --git a/model-optimizer/extensions/front/interpolate_reshape_test.py b/model-optimizer/extensions/front/interpolate_reshape_test.py
index 1a23695d5de..2499b065738 100644
--- a/model-optimizer/extensions/front/interpolate_reshape_test.py
+++ b/model-optimizer/extensions/front/interpolate_reshape_test.py
@@ -44,7 +44,8 @@ nodes = {
     **regular_op_with_shaped_data('identity_11', [1, 3, 60, 160], {'identity': True, 'op': 'Identity'}),
     **regular_op_with_shaped_data('concat', [1, 7, 60, 160], {'type': 'Concat', 'axis': 1, 'op': 'Concat'}),
 
-    **result(),
+    **result('output'),
+    **result('output_1'),
 }
 
 
@@ -110,6 +111,29 @@ class TestInterpolateConcat(unittest.TestCase):
         (flag, resp) = compare_graphs(graph, graph_ref, 'output', check_op_attrs=True)
         self.assertTrue(flag, resp)
 
+    def test_interpolate_concat_negate(self):
+        graph = build_graph(nodes, [
+            *connect('placeholder', '0:interpolate'),
+            *connect('out_shape', '1:interpolate'),
+            *connect('interpolate', 'identity_00'),
+            *connect('interpolate', 'identity_01'),
+            *connect('identity_00', 'output'),
+            *connect('identity_01', 'output_1'),
+        ], nodes_with_edges_only=True)
+
+        InterpolateWithConcat().find_and_replace_pattern(graph)
+        graph.clean_up()
+        graph_ref = build_graph(nodes, [
+            *connect('placeholder', '0:interpolate'),
+            *connect('out_shape', '1:interpolate'),
+            *connect('interpolate', 'identity_00'),
+            *connect('interpolate', 'identity_01'),
+            *connect('identity_00', 'output'),
+            *connect('identity_01', 'output_1'),
+        ], nodes_with_edges_only=True)
+        (flag, resp) = compare_graphs(graph, graph_ref, 'output', check_op_attrs=True)
+        self.assertTrue(flag, resp)
+
     @generate(*[
         {'concat': {'axis': None}},
         {'concat': {'axis': 2}},