We report a new, one-pot, efficient, four-component condensation of hydrazine hydrate, ethyl acetoacetate, arylaldehydes, and malononitrile in the presence of a reusable weakly basic ionic liquid, 1,8-diazabicyclo[5.4.0]-undec-7-en-8-ium acetate, as catalyst, for synthesis of 6-amino-4-aryl-5-cyano-3-methyl-1,4-dihydropyrano[2,3-c]pyrazole derivatives under solvent-free conditions at room temperature. The method has several advantages, for example good yields, short reaction times, and simple work-up procedure.