Samajwadi Party (SP) supremo Mulayam Singh Yadav and party leader Akhilesh Yadav met Uttar Pradesh Governor B L Joshi at the Raj Bhawan in Lucknow on Wednesday.
Mulayam and Akhilesh met the Governor hours after Bahujan Samaj Party (BSP) leader Mayawati submitted her resignation as Chief Minister to Joshi on Wednesday.
The SP parliamentary board met on Wednesday but no decision was taken on selecting the Chief Minister of the politically crucial state where the party crushed Mayawati's Bahujan Samaj Party (BSP) and returned to power.
The SP legislature board will meet after Holi to choose the next Chief Minister of Uttar Pradesh.
According to reports, several SP Members of Parliament (MPs) and Members of Legislative Assembly (MLAs) want Akhilesh Yadav to become the Chief Minister.
However, Akhilesh has repeatedly said that SP supremo Mulayam Singh Yadav will become the Chief Minister of the north Indian state.
"Netaji (Mulayam Singh Yadav) will become the Chief Minister," he told reporters.
The Congress licked dust in Uttar Pradesh despite a valiant effort by poster boy Rahul Gandhi, as the Samajwadi Party swept the assembly polls in the heartland state riding on the strategy of young leader and Mulayam's son Akhilesh Yadav.
Out of the 403 seats, SP won 226 and hence needs no one's support to form a government.
While the 72-year-old Mulayam Singh Yadav would be the chief minister for the fourth time, his son Akhilesh Yadav has emerged as the star politician and hailed in media as the most matured among young leaders who successfully married old time-tested politics with modern ideas.
The Bahujan Samaj Party (BSP), mired in countless corruption scandals and misgovernance, secured 80 seats, disastrous fall of 126 seats when compared to last election's fare.
The Congress alliance, meanwhile, got 38 seats, a rise of just six seats compared to the last time.
Rahul Gandhi has already accepted the responsibility for poor show in UP.
The Bharatiya Janata Party (BJP) alliance, despite a heady start after initial counting, got 47 seats, a dip of 4 compared to results from last time.