A major cabinet reshuffle on Sunday would see a new external affairs minister with Union Law Minister Salman Khurshid's name circulating as the front runner for the post.
The United Progressive Alliance (UPA) will see a younger cabinet as several of the names being discussed are young leaders of Congress.
According to reports, Ashwani Kumar might take over the law portfolio from Khurshid.
The name of Anand Sharma as the next external affairs minister was earlier doing the rounds but now Khurshid is a frontrunner.
Media reports said Parliamentary Affairs Minister Pawan Kumar Bansal might be given the Railway Ministry.
Reports said Kapil Sibal, who is holding now both the Human Resource Development and Telecom ministries, might keep only telecom.
From West Bengal, Deepa Dasmunshi, wife of Congress leader Priya Ranjan Dasmunshi who is in a state of coma for years now, is likely to get a ministry.
The Congress-led United Progressive Alliance (UPA) grappling with graft allegations and coalition disputes aims for an image makeover ahead of the 2014 elections.
The cabinet is expected to get a younger look, with a number of senior ministers of the government having announced their resignations in the last two days to make way for young and more energetic figures.
Former Minister of State for External Affairs Shashi Tharoor could make a comeback, while younger ministers such as Jyotiraditya Scindia and Sachin Pilot, led by Congress General Secretary Rahul Gandhi could also be seen handed over more larger roles.
Reports said some of the ministers would be elevated to cabinet rank.
Sports Minister Ajay Maken might be elevated to Cabinet rank along with ministers like Ashwani Kumar and K Muniyappa.
Junior defence minister MM Pallam Raju is likely to be promoted as well.
Congress spokesperson Manish Tewari is also likely to get a berth as minister.
Telugu superstar turned politician Chiranjeevi may also be inducted in the ministry.
A Rashtrapati Bhavan spokesperson was quoted as saying that the swearing-in ceremony of new ministers is scheduled for 11.30 am on Sunday.
Earlier on Saturday, Information and Broadcasting Minister Ambika Soni, Social Justice and Empowerment Minister Mukul Wasnik, Tourism Minister Subodh Kant Sahay and Minister of State Justice and Empowerment Mahadev Khandela met Prime Minister Manmohan Singh and submitted their resignations.
SM Krishna on Saturday met the Prime Minister here to formally submit his resignation as the External Affairs Minister of the country and said ´younger blood´ should be given an opportunity in the government.