Amid the ongoing unrest in the valley, BJP veteran and former union minister Yashwant Sinha, who had gone there as part of a delegation twice, and met separatist leaders among others, also had talks with Yadav.
Yadav has also discussed the proposed conclave with CPI(M) leader Sitaram Yechury and D Raja of the CPI and both were learnt to have favoured such a move.
Yadav too had gone to the valley as a member of an all-party delegation but the dominant view among opposition leaders is that the government has done nothing on its report.
"The government has not taken a single step to resolve the crisis. We too have responsibilities. If the government does not act, we must do our bit," an opposition leader said.
Sinha's group had recommended a "multi-dimensional dialogue" which should include the separatist conglomerate-- Hurriyat Conference.
It had, in its report, also asked the government to improve the human rights situation.
The delegation's visit was facilitated by Centre for Dialogue and Reconciliation, a Delhi based group that has been working in Kashmir for over a decade.
The government had last month ruled out talks with separatist elements or those raising the issues of "accession or Azadi" in the Kashmir Valley, telling the Supreme Court that a dialogue to restore normalcy was possible only with legally recognised stakeholders.
The top had court asked the Jammu and Kashmir High Court Bar Association to come up with suggestions to resolve the crisis, including the stone-pelting incidents and the violent street protests in the valley.
The opposition leaders are working to bring NGOs, civil society groups and political parties for the proposed conclave.
Members of Jammu and Kashmir's ruling BJP-PDP coalition are also likely to be invited, the opposition leader said.
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