"I will arrive at a decision on either to contest on BJP ticket or as an independent after seeking suggestion from Janardhana Reddy in Chanchalaguda Central Prison in Hyderabad tomorrow.I cannot take a decision unilaterally on the issue," he told reporters after the meeting.
Janardhana Reddy is currently lodged in prison in connection with illegal mining case.
Though BJP observers had called on Sriramulu in Bellary yesterday to try to convince him to contest as BJP candidate, he has not made any committment on the issue.
He reportedly is in favour of insisting that the ruling BJP take him back into the ministry if he is asked to contest on the saffron party's ticket and wins the poll.
The election was necessitated after Sriramulu resigned from his assembly membership in August, apparently miffed at being denied a ministership.
Sriramulu had stated he resigned because his self-respect suffered a setback after his name figured in the Lok Ayukta report on illegal mining.